There is hope, for the many families suffering from a job loss, an adjusting interest rate and the decrease in the value of their home. That hope comes in the reality of the Loan Modification. But, what is it? How can I qualify? Will I be disqualified because I make less, missed payments, lost my job?

A loan modification is a permanent change to the terms of your mortgage. There are several different types of loan modifications: Forbearance Modification; Temporary Modification; Soft Modifications; Permanent Modifications; Litigious Modifications. But, they are all designed to make your payments more affordable.

Currently banks and lenders are more open to loan modifications than they have been in the past. The challenge that many homeowners faced with modifying their loans is that banks are extremely busy, and they are not working in the home owner’s best interest. Their staff is working in the bank’s best interest. Therefore, even if a homeowner is successful in negotiating a modification, it will be one that favors the bank.

A second hurtle to the successful completion of a modification by a homeowner is that the bank agents are overwhelmed with requests and they just don’t have the time to “dicker” or set up a modification with a homeowner who doesn’t know the “hot” buttons.

It is for these reasons that it makes sense to hire an expert to guide you and to present your case. Above and beyond presenting your case you need legal help to be heard. Once heard your loan modification has to be packaged correctly or it is very difficult to get the lenders attention and subsequent approval...

Many people think that banks are ignoring requests for loan assistance, but this is not entirely true. The reality is that many banks are understaffed for the flood of requests. The bottle neck occurs due to the lack of employees.

Let’s face it; when you are behind on your payment… or even concerned about what it will be when your rate adjustment “hits”… it is difficult to create good feelings and a good case to your lender. When you have seen your neighbor’s house taken by the bank… and the one on the corner… as well as the one down the street and even – your sister’s! It is difficult to be calm and believe that you can get the bank to work out a good deal with you.

That is why you need a specialist who is on your side. Who can stand up to the bank with the power of the law to defend your ownership rights and the rights of your family to continue in your home and negotiate lower payments that work for you. A specialist can turn the table, and present a picture to the bank that shows the bank they will be better off having you stay in your home, making lower payments… Is that possible? Yes.

Not only that, when a specialist contact's your lender, your loan will be packaged in the right way. That means it will be easy for the lender to quickly assess, and approve your loan modification.

Be sure to look on our website for more information.  We have been working diligently to align ourselves with the best possible team to help our past customers, friends and new clients through these troubled times..