SERVICES

We’ll be glad to provide you with the most optimal solution either for your mortgage.

Loan Modifications

We specialize in modifying your mortgage payment and sometimes reducing a portion of the balance owed, called a principal reduction.

Loss Mitigation

We are a full service company handling all aspects of loss mitigation, covering loan modification, foreclosure defense, and short sales utilizing the latest programs available. We have the experience, knowledge and network to strategically resolve the most complex real estate circumstance.

Foreclosure Defense

Foreclosure Defense services will help you avoid and/or prolong the foreclosure process. We utlize a modifications options to help you legally stay in your home and avoid the nightmare foreclosure.

H.O.M.E Report

The H.O.M.E. Report is a bank ready loan modification package that analyzes a homeowners eligibility for a HAMP and other government loan modification programs. It includes all the required forms.

Securitization Audit

This report will discover all the likely fraud that has plagued the mortgage industry over the last several years ranging from robo signing and missing chain of title. According to the FDIC, there are more than 83% of mortgage holders that obtained their mortgage between 2001 and 2006 that have errors in their loan contracts.

Types of Modifications

STANDARD MOD

FLEX MOD

FOREBEARANCE

It is a change to the terms of your existing mortgage loan. The terms of your mortgage that may be changed to provide payment relief which is a lower mortgage payment.

Generally, the process takes about 90 days (3 months).

Lenders do not like to lose the money but they are required to follow certain rules and programs to help homeowners.

A loan modification does not allow any traditional refinance closing costs. Additionally, a refinance requires a new credit report and appraisal. A refinance will also restart the number years on your loan.

Currently a Borrower has a mortgage loan with a rate higher than 2%.

The past due balance or balance in arrears can be wiped out by the program. In certain situations, the balance maybe be added to the note and the new payment is calculated at the new balance.

A loan modification does affect credit but only if the borrower has been late. Once the modification is complete, the loan is brought current and is shown as such on the credit report. The new loan amount and payment will be reflected on all 3 bureaus and the loan will show paid as agreed. Successful on-time payments will cause the credit score to rise over time.

Yes, mortgage interest is currently tax deductible. We advise meeting with your tax professional to verify the deduction and if you qualify.

No, you do not need to be behind on your mortgage to qualify for loan modification.