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Frequently Asked Questions
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 Principal Balance Reduction? 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 also in itself a qualifying factor.
What If I'm Already In Foreclosure? Since we do not offer legal advice, we reccommend that you seek a foreclosure defense attorney to protect your home from foreclosure while we are going through the process. Seeking the advice of an attorney in your area is our best reccommendation.
Are lenders and banks really willing to negotiate? Absolutely, many times and in most cases, yes. The average foreclosure action costs about $75,000 to execute. This means that the banks stand to lose quite a bit of money if they choose not to negotiate. We make a case to explain to your lender why it is in their best interest to help you.
Can I negotiate a balance reduction myself? Quite simply, no. Since the idea is to pool several loans together to make a bulk purchase, the lenders are more willing to negotiate. An individual loan reduction is seldom ever seen.
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. How long is the process take?
You will see relief in as little as two weeks or in several months. It's just so hard to tell you in advance because we do not know how long the negotiations will take or how long it will take to get enough notes in a pool of notes to purchase in a bulk sale.
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 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!
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Our Services
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