*Are you one or more payments behind on your current mortgage?

*Have you been turned down for a refinance because of credit problems?

*Has your home decreased in value, and the amount of money you owe is more than what the home is currently worth?

*Have you had an NOD filed?

*Do you have a 1st & 2nd mortgage and are now unable to afford both payments?

Make no mistake...to Stop Foreclosure you must act quickly and decisively.  Your home will be sold unless you take the correct steps to satisfy the Mortgage Company and get your loan caught up.

A loan modification is a change in an existing loan made by a lender in response to a borrower's long-term inability to repay the loan.  Loan modifications typically involve a reduction in the interest rate on the loan, an extension of the length of the term of the loan, a different type of loan or any combination of the three.  A lender might be open to modifying a loan because the cost of doing so is less than the cost of default.  A loan modification agreement is different from a forbearance agreement.  A forbearance agreement provides short-term relief for borrowers who have temporary financial problems, while a loan modification agreement is a long-term solution for borrowers who will never be able to repay an existing loan.

Our Team will document your current financial situation to show that you can afford the new monthly payments.  This can be very tricky, so we need to be accurate and honest as they may not accept changes once submitted.  We develop your Personal Financial Portfolio.  This shows your income versus your expenses in a form that is easy to understand and highlights your ability to repay the loan.  The last step is to develop letter that explains why you fell behind.  This letter is referred to as the "Hardship Letter."  Each of our client's situations is unique.  With our experience and ability, we appeal to your Mortgage Company on your behalf to help you with that second chance you deserve.  We roll all of these items into what we call our "Modification Package."  This package is then presented to your Mortgage Company in a format they can easily understand.  This allows them to make a decision quickly and responsibly.

Most Mortgage Companies will consider a Loan Modification, Deferment, Forbearance or a Repayment Plan a a first option to quickly bring the loan current.  Our Team will use one of these options or  combination to develop your personalized strategy to Stop Foreclosure.

A large number of our clients will find themselves using a Loan Modification Plan to Stop Foreclosure.  If you can currently make your regular payment, but you can't catch up with the past-due amount, we will negotiate with your lender to fold any past-due amounts, including interest and escrow, into the unpaid principal balance.  This new amount will be re-amortized over a new period of time.

Or, if you are unable to make payments at this rate, we will negotiate with your lender to extend your loan for a longer period of time, modifying the loan amount to a more affordable level.

A Loan Modification will change your existing mortgage note and give you a fresh new start in managing your home.  Your account will be brought up to date immediately!!

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