Loan Modification Programs

Did you know that 99% of all prime lenders and 70% of sub-prime lenders will negotiate a loan modification where most of the delinquent payments and foreclosure  fees are either wiped out or added onto the back end of your loan?  Payments can often be reduced. In most cases you will have a permanent interest rate reduction.

Loss mitigation programs were established by the federal government and the mortgage industry in order to stop home foreclosures. They help foreclosure victims in default on their mortgages to find alternatives to home foreclosure. Every homeowner’s situation is unique and each lender has their own policies regarding the use of these programs to stop foreclosure.

After performing a thorough assessment of your personal finances and analyzing your lender’s loss mitigation policies, our professional loss mitigators will negotiate directly with your lender on your behalf, to get you the best possible solution.  We can help you save your home and credit history through a variety of loss mitigation options.

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Sell Your Home As A Short Sale

If you:

➢    do not qualify for any work out or repayment plans
 
➢    are unable to save your home and you have resigned to the fact that you are way in over your head

➢    Have a financial or personal hardship where you are behind or will be behind in your mortgage payments and unable to pay…

then by all means, find an experienced short sale agent (not just any real estate agent, but one with a proven successful track record) to assist you in dealing with your lender and getting your home sold.

A short sale is primarily used when all negotiations for a loan workout have failed and you are upside down on your mortgage, meaning you owe more on the mortgage than it’s worth. The lender basically agrees to cooperate in the sale of your home and take a loss. You place the home for sale and any offers that are obtained will be presented your lender.

Benefits Of A Short Sale

• Sell your home quickly and easily
   
• No money out of pocket - the lender pays your closing costs
   
• No foreclosure or bankruptcy on your credit

click here to read more on short sales