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A Loan Modification is a permanent change in one or more of the terms of a Mortgage

Allowing the loan to be reinstated resulting in a lower payment that the borrower can afford. In most cases a homeowner in need for mortgage help will indeed qualify for a loan-modification. To ensure that you understand what a loan modification will actually do for you, consider the following facts: A loan modification is indicated when the original loan that is secured by a residence has terms that make it impossible for the homeowner to continue making the payments, thus risking the loss of the residence. Loan modifications are not the same as debt consolidations, refinancing loans, or even forbearances. Instead, they are long term solutions for rising interest rates or other hardships that are threatening to overwhelm the budget of a homeowner. Loan modifications stop foreclosure proceedings and instead reinstate the loans as they are being modified. There are some other facts that explain why lenders are actually in favor of working with borrowers and their legal specialists in order to negotiate equitable loan modifications. All or portion of the outstanding principal and interest, past due escrow, late fees, and even costs may be rolled into the loan modification and thus will not be lost revenue to the lender. Since they are spread over a long period of time, they do not pose a problem to the borrower. Modified mortgages may use a step rate approach or an extended term methodology to provide for the repayment of the due and past due funds. The lower payments ensure the repayment by the borrower while to the lender the added time is actually money in the bank in terms of yet to be earned interest due. Foreclosure is avoided and even though banks routinely foreclose on properties and sell the homes to other buyers for a fraction of a price, the slowing housing market has made it difficult for banks to unload such properties and then recover any additional funds from the previous homeowners. Home Loan modification is a much more fiscally attractive solution for any lender. A modified loan protects the credit rating of a borrower and it also helps lenders in showing less defaulting loans in their portfolio. This of course makes a good impression when the financial institution is wooing potential investors. Our mission is to assist every homeowner in preventing foreclosure with our loan modification solution. Let our expert staff tailor fit a foreclosure resolution for your situation. A Home Loan modification may be the right solution for you. Reduce your monthly payment amount, and make i t more affordable State law also determines at what point during the foreclosure process the mortgagee can force the homeowner out of their house. If the homeowner does not leave at the behest of the lender, local eviction proceedings are usually invoked. However, the recent rise in foreclosures has seen many homeowners simply abandoning their homes and in some cases even purposely inflicting damage on the property. To combat this, lenders will make a "cash-for-keys" offer to the homeowner.

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Add Power to your Mortgage Proposal with a Help not Hope Prepared Forensic Audit
Many consumers do not exactly know what forensic auditing is. A forensic audit consists of trained professionals thoroughly reviewing your loan document package and auditing for local, state, and federal violations. Once the document review is complete, a comprehensive report is compiled. The report is then coupled with other industry due diligence and turned back over to the client. This report consists of a rock-solid case that any attorney can use as ammunition to win their case for their company. Predatory lending violations ran rampant through the mortgage boom as brokers and lenders hired under qualified help. It's believed that over 88% of Loans between 2001 & 2006 had either RESPA (Real Estate Settlement & Procedures Act) or TILA (Truth in Lending) violations. These FEDERAL VIOLATIONS (enforceable in every state) are taken very seriously by our judicial system. Lenders do not want to face litigation, especially when they know that they are going to lose. We may have to perform a forensic review on your documents and stack the deck against the lender when negotiating your mortgage. You only have one shot at getting it right, United helps to make sure that it done right. We compare your situation to the Fannie Mae SMP to determine if you will meet the criteria your lender requires to modify your loan. This means your current lender modifies your current mortgage through what is called the note, also knows as, Deed of Trust. The note sets the terms of your loan. Our program will change any or all of the following terms of your loan. The terms of your loan are your interest rate, balance of loan, and delinquent fees owed. In the past this was only used when a borrower was delinquent but now we will see it being used before someone is delinquent. This is one of the best methods to help people avoid foreclosure. The bank does not want you to lose your home.

How the Foreclosure Process Works
Foreclosure is a legal process whereby a lien holder (usually the lender from whom a homeowner received their mortgage) seeks to have any stake the homeowner has in the property legally nullified, so that they can sell the property to recover their investment. When you apply for a mortgage to buy a home, you agree to put the house up as collateral for the loan. Essentially, the bank owns your home until it has been repaid. The terms of this deal are outlined in your mortgage. When you fail to make a payment, that typically counts as violating the terms of your mortgage agreement, which opens up various forms of retribution for the lender. The foreclosure process varies by state and you should review the laws in your state to determine which of the foreclosure options listed below are available to lenders. Most states offer judicial foreclosure, which relies on the state's court system to make judgment. Depending on the laws and methods that are available in your state, the foreclosure process can be quick or drawn out and you may need to obtain legal council to fight the proceedings. If the lender succeeds in the foreclosure proceedings, the foreclosed property is typically sold at auction and the money received is used to pay off the lender and any other liens against the property such as property taxes or second mortgages. The proceeds from the sale of the property at auction may not cover the amount owed to the lender, which is the case in many recent home foreclosures because of the bursting of the housing bubble and the rapid decline of home prices that dropped the value of homes below their market value at the time of purchase. There are additional remedies available to lenders in these instances that allow them to recover the difference in the amount they are owed and the amount they received for the sale of the house at auction. For more on this refer to our section on deficiency judgments.

Whether your mortgage is for $100,000
or for $10 million, you must take the first step so we can work together with your lender to find a solution. There are several options when you are facing financial difficult especially a burden of a mortgage loaming over your head. We recommend you review these options and consider which option you think best fits your personal situation. Our financial professionals can offer assistance to determine your optimal plan of action. Some of your different options are: reinstatement, a workout program which includes Forbearance, Restructuring, and partial claim, short sale, refinance, deed-in-lieu of foreclosure, and foreclosure. A Reinstatement is an option if you are behind on your payment. This option states that you pay the lender back all of the payments to bring your mortgage current. This option is rarely achievable and not always beneficial because of addition late fees and attorney fees charged by your lender. There are a couple different types of Workout Programs. We talk directly to your lender to help bring you current. The workout option of Forbearance is the arrangement of a payment plan. This can postpone your principal payments for a certain period of time while you pay only interest. This option is mostly used during a temporary loss of employment or unexpected tragedy. The next work out plan that may be available to you is a Loan Modification or Restructuring. This is when the terms of your loan are changed, either the loan amount or interest rate, to help you meet your mortgage obligation based on your financial capabilities. Lastly, a Partial Claim work out program is when the repayment amount is applied to the balance and you continue normal payments. These are the options you have with your current mortgage. However, there are other ways to handle the inability to make your mortgage payment. Again, these options might not necessarily be the best for your particular situation. When most people think of change their terms, they Refinance. We have established affiliations with very well-known lenders. It is best to try to refinance before you reach the point of facing foreclosure. Some lenders will refinance a property in foreclosure if there is enough equity in the house.

There are alternatives to a traditional refinance
if you are upside down on your home or have fallen behind on your mortgage payments, you may want to explore a loan restructuring with your mortgage lender. Mortgage lenders and loan servicers typically have a designated department and staff that is referred to as the loss mitigation department. This area of the company has the ability to review a borrowers loan and make potential changes to the loan terms as lowering the interest rate, extending the borrowers current rate or changing the term. Loan Restructurings can be especially beneficial to a home owners who is currently upside down as the changes allows the lender to make changes to the mortgage without following traditional underwriting guidelines Most lenders will review a borrowers entire scenario before determining if the borrower and lender may both benefit from a workout solution. Most mortgage lenders are aggressively working with home owners who have struggled with house payments that may have adjusted and they no longer have the equity in their homes to refinance as a way to proactively help these individuals avoid foreclosure

WASHINGTON - President-elect Barack Obama
Saturday said he will nominate New York housing official Shaun Donovan as Secretary of Housing and Urban Development, calling the job "essential" to restoring the economy. "To end this economic crisis, we must end the mortgage crisis where it began. This all started when Americans took out mortgages they couldn't afford," Obama said in a text of his weekly radio address to be delivered Saturday morning. Noting that one in ten homeowners now faces some form of financial problem, a record high, Obama said he's already asked his forming administration to produce a plan that help more people keep their homes. He called the Housing and Urban Development job "essential" to that government-wide work, and called Donovan uniquely qualified to fixing the problem with a balance of help for needy families and the recognition that they should only buy what they can afford. Your lender will look to see that you are making the necessary adjustments to accommodate financial difficulties. Trimming back a bit on your groceries, utilities, and other expenses will show your lender good faith. Tightening up your belt will help your lender understand that you will do what it takes to keep your home. No diet required, just cut back a bit here and there and you'll be on your way to getting that loan modification

Options to Stop Foreclosure
Every day we receive requests from homeowners behind in payments looking for foreclosure help and every situation is different. We are in the business to assist you in making an informed decision on your foreclosure options and implementing the stop foreclosure process that will meet your needs. Our company policy is to exhaust every possible foreclosure option to assist you in saving your home. If your house can be saved our company can save your home from foreclosure. Please take every possible option to avoid bankruptcy, it is unbelievable how any people file bankruptcy to stop foreclosure and end up in the same situation but with a bankruptcy on their record.

Some of your different options are:
reinstatement, a workout program which includes Forbearance, Loan Modification (also called restructuring), and partial claim, short sale, refinance, deed-in-lieu of foreclosure, and foreclosure. A Reinstatement is an option if you are behind on your payment. This option states that you pay the lender back all of the payments to bring your mortgage current. This option is rarely achievable and not always beneficial because of addition late fees and attorney fees charged by your lender. There are a couple different types of Workout Programs. We talk directly to your lender to help bring you current. The workout option of Forbearance is the arrangement of a payment plan. This can postpone your principal payments for a certain period of time while you pay only interest. This option is mostly used during a temporary loss of employment or unexpected tragedy. The next work out plan that may be available to you is a Loan Modification or Restructuring. This is when the terms of your loan are changed, either the loan amount or interest rate, to help you meet your mortgage obligation based on your financial capabilities. Lastly, a Partial Claim work out program is when the repayment amount is applied to the balance and you continue normal payments. These are the options you have with your current mortgage. However, there are other ways to handle the inability to make your mortgage payment. Again, these options might not necessarily be the best for your particular situation. When most people think of change their terms, they Refinance. We have established affiliations with very well-known lenders. It is best to try to refinance before you reach the point of facing foreclosure. Some lenders will refinance a property in foreclosure if there is enough equity in the house. If you can not refinance or modify your best option may be to Sell Your Home. Selling your home before the Foreclosure Sale Date is a very good option. It may be the case that you can not sell your home for above the equal to the balance due . In this scenario, a short sale can be negotiated with your lender. The Lender may take less than what you owe . In this way, you will avoid foreclosure and the lender will avert the costs associated with foreclosure. Another option that isn't very frequent is called Deed-in-lieu of Foreclosure. In this situation, it may be that you cannot find an interested buyer to sell your home for a short sale and are facing a foreclosure. We can negotiate for you to sign your deed back to the Lender without facing the proceedings of a foreclosure. This mostly occurs when the market value of the home is higher than the lien against the home. The settlement will be at least equal to the fair market value of the home. Finally, if no other option above works, you may face Foreclosure. You may decide to allow your home to proceed into mortgage foreclosure. This is absolutely NOT the best option as it will severely damage your credit and ability to obtain a home loan in the future. Not only will you lose your home, but also all of your equity. Also, if there is no equity, you may be responsible to your lender for the shortage. We do not recommend this option, and provide you with useful tips to avoid foreclosure.

United is Helping homeowners all across America
United is Helping homeowners all across America keep their homes. Let us handle your mortgage company and their attorneys for you. You can have peace of mind while we are working to save your home. Our Foreclosure Assistance Experts go to work for you immediately and handles the process from the beginning to the end. We work with hundreds of banks and institutions such as Washington Mutual, Countrywide, ASC, Chase Manhattan, Wells Fargo, City, Homecomings Financial, Wilshire, Home Eq, Bank of America, VA, Freddie Mac, FHA, USDA and many more. Remember that your particular situation could be the result of predatory tactics used in the lending world. Therefore, it would be in your best interest to have our team of legal and mortgage professionals negotiate your Home loan modification. And if, for some reason, you find yourself behind on you payments and in the foreclosure process, violations might be occurring that you are unaware of. If so, our legal and mortgage team will notify you of these violations and use them as leverage for the best Workout possible.

At United our team
of legal and mortgage professionals will counsel with you regarding your options and the most effective solutions. We will walk you step-by-step through the process necessary to save your home. We will strategically negotiate with your lender or servicing company Our professional loan modification consultants will be on your side of the case to find a resolution and save you time. The sooner you call, the sooner help is available.

Can I Do A Loan Modification On My Own...

Of course you can, but be cautious.  Lenders and their staff are working to mitigate (reduce) their losses.  We work for you!  We have seen some of the seemingly innocuous agreements lenders have given to homeowners that in reality protects the lenders.  We can educate you on tax implications, credit reporting and rebuilding, possible recourse by the lender, deficiency judgments, and more.  Don't sign anything until you have had a mortgage loan modification professional review it. Our staff includes professionals that have experience in this field.  We give you immediate insight and information increasing the possibility that you navigate through what many have called possibly the greatest housing bust since the Great Depression.  Knowledge and action are key, and we provide both.  In times like these it may be that those whom are successful lose the least versus those that lose everything.  We promise to get back to you within 24 hours with a fully customized solution to your situation.  Not some promise to call you back and then you never hear from us, or some generic kit that doesn't apply to you.  Yes, you can negotiate with your mortgage company yourself, just like some people act as their own accountants and attorneys!  If you are knowledgeable enough about mortgage delinquency and understand loss mitigation techniques and calculations used today by most lenders then you have a chance at succeeding.  However, for most people terms like "PTI", "DTI", "LTV", "Partial Claim", "Shortfall Balance", and "Forbearance" are intimidating and confusing!  If this is you then you may find that dealing with your lenders "loss mitigator" or "Workout Specialist" may be a humiliating experience as they move you through the process while you are never quite sure if the representative your dealing with is looking out for your best interests!  How do you know that the representative you are dealing with isn't fresh out of training class and inexperienced in dealing with a complex scenario such as yours?  Will you have the experience to point out the mistakes and fight for your approval?  In any important matter involving your finances, having the proper guidance, wisdom, and representation will make all the difference in the world and not to mention save you time, energy, and money in the long run.