FAQ:

How Do I Begin?

Just locate a recent mortgage statement and give our office a call. We are usually able to tell you in a very short while whether or not we believe we can help you. Although we would like to be able to help everyone, there are certain cases where we are not going to be able to help and potential clients need to explore other options, which we can also help with.

How do I qualify for a loan modification?

Someone who has had a hardship, might be past due on the mortgage, in a high adjustable rate mortgage, rate adjustment coming, negative equity position. These are some examples of good candidates for a loan modification. JUST being upside down in your mortgage is not in itself a qualifying factor.

What If I'm Already In Foreclosure?

That's ok, in most cases our attorney and negotiators are able to stop foreclosure while we negotiate a reasonable and affordable workout plan with your lender. However, time is of the essence so if you want to save your home you must call immediately.

Are lenders and banks really willing to negotiate?

Can I negotiate a loan modification myself?

It would be great if borrowers and lenders had the ability to negotiate loan modifications, but the problem is two-fold: many lenders simply lack well trained loan officers who know how to negotiate and set up a loan modification in the first place; secondly, some lenders are more interested in recouping any potential losses up front via a foreclosure than they are in keeping a customer for a long period of time with the help of a renegotiated mortgage. In both cases it is the involvement of legal specialists that provide borrowers with the results they desire.

How Do I Qualify?

Just click on the button at the top of our website and one of our consultants will contact you within 24 hrs. We will spend some time going over your monthly expenses and income and see if you would be a likely candidate for the services.

What If I Have Bad Credit?

The great news is credit is not a factor. It's not a refinance, it's a renegotiation.

What Is A Loan Modification?

What happens during a Loan Modification?

During a loan modification the terms of your mortgage are renegotiated to bring the interest rate down to a percentage that fits into your budget and the monthly payment no longer presents a severe strain on your ability to meet your other financial obligations.

Is Loan Modification similar to Debt Consolidation or Refinancing?

The answer is a resounding no. Debt consolidation seeks to lump a group of unsecured debts into either a loan or a program that offers lower payments. It does not apply to mortgages. Refinancing a home requires the borrower to apply for a new mortgage for the home and as such will require a down payment, an appraisal, and a lot of fees for the lender. This is often not an affordable solution for a borrower who is already stretched to the max with the current mortgage payment and the existence of an adjustable rate mortgage that eats up a lot of the available funds on a monthly basis may actually be held against the applicant and thus causes the refinance application to be denied. Loan modification seeks to restructure an existing loan.

What is needed from me to get the process started?

How long is the Loan Modification process?

You will see relief in as little as two weeks or a couple of months. In the meantime, lenders are willing halt foreclosure proceedings and even the sale of a home! The added benefit of this process rests in the fact that you may even be able to skip a mortgage payment while you get back on your feet with your budget.

What are typical success rates?

Our success rate is stellar and our commitment to our clients is unwavering. With several professional and ethical companies forming our decades of combined legal and mortgage experience, your loan modification is in the best of hands.  Within 60 to 90 days you may be back on the road to fiscal health while having your good credit intact and keeping your home.

We're looking forward to helping you!