Sometimes in order to get a loan modification we will put you on a forbearance plan to prove to the lenders that you can afford your property. There are many homeowners that hear information from the government about lenders trying to help if you have a FHA plan they can help otherwise you are on your own. Utilizing our loan modification help program you will not be alone we will work hard for you to be sure you are able to keep your home from foreclosure.

LOAN MODIFICATION
Loan Modification Help with a Straight Modification, typically the best option for our clients and is our primary. Contact us today to get pre-qualified for a loan modification. There is no company better qualified to provide assistance in getting a loan modification, we worked as negotiators for mortgage companies, we know the business. A loan modification is a change in your mortgage agreement that could lower the interest rate, lower the principal balance, and/or extend the term of the loan resulting in lower payments. There is typically a fee for a loan modification called a contribution that lenders require to modify a loan. We will explain the process for you to make you an informed homeowner.
 

VA LOAN MODIFICATION/REFUNDING

(VA loans only.)
A refunding is when the VA buys your loan from the lender. Refunding may give VA the flexibility to consider options to help you save your home that your current lender either could not or would not consider. When the VA refunds a loan under 38 U.S.C. 36.4318, the delinquency is added to the principal balance and the loan is re-amortized. Your new loan will be non-transferable without prior approval from the Secretary. If your interest rate was lowered and an assumption is approved, the interest rate will be adjusted back to the previous rate.  

   
DEED-IN-LIEU OF FORECLOSURE

(In general we consider this an option of last resort.)
If you have incurred a long term financial hardship and your house has been on the market (at fair market value) for at least 90 days, you may be eligible for a deed-in lieu of foreclosure. To be considered for this option, you must complete a financial package and provide a copy of your recent active listing agreement. Also, there cannot be any additional claims or liens (other the mortgage) against the property. If you are approved for a deed-in-lieu, you will be giving up all rights to the property and the property will be conveyed to your investor. In exchange for the deed-in-lieu, the lender may waiver all deficiency judgment rights. You may be asked to participate in a Short Sale program before a deed-in-lieu of foreclosure is accepted.

 
SPECIAL FORBEARANCE
(FHA loans only) (Type I & II)
If you have incurred a short term financial hardship and your loan is 90 days to 365 days past due, the loss mitigation specialist will also consider submitting a request for a special forbearance. A special forbearance is designed to provide you with more relief than is possible with a regular repayment plan. Typical approval can result in spreading the repayment over 12 to 18 months. Type II – can be utilized in an unemployment situation whereby the promise of future employment is present. We have done VA loans that resulted 27-month repayment plans.

(FHA mortgages only) (Some Freddie Mac Investor loans)
The loss mitigation specialist may assist in requesting a partial claim if you qualify. You may be eligible if your loan is 120 to 365 days past due. A partial claim results in placing your past due payments into a subordinate mortgage (2nd mortgage) between you and the Secretary of Housing Urban Development. The partial claim note will require you to start making payments when you pay off the first mortgage. There is no interest. The partial claim can be for no more than 12 months of past due payments.

We have had great success with mortgage companies  getting loan modifications with AIG Mortgage Loan Modification, AMC Mortgage Loan Modification, American Home Mortgage Service Loan Modification, Bank of America Loan Modification, Beneficial Loan Modification, Chase Loan Modification, Citi Mortgage Loan Modification, Citi Financial Loan Modification, Countrywide Loan Modification, EMC Loan Modification, Everbank Loan Modification, First Franklin Loan Modification, Freddie Mac Loan Modification, GMAC Loan Modification, Homecomings Financial Loan Modification, HomEq Loan Modification, HSBC Loan Modification, IndyMac Loan Modification, Litton Loan Services Loan Modification, Midland Loan Modification, M&T Bank, National City Loan Modification, Nation Star Loan Modification, Ocwen Mortgage Loan Modification, Option One Loan Modification, Saxon Loan Modification, Select Portfolio Services Loan Modification, SunTrust Loan Modification, Wachovia Loan Modification, Washington Mutual Loan Modification (WAMU), Wells Fargo Loan Modification, Wilshire Loan Modification