Loan Modification

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  • Loan Modification

  • Success Rate

  • Stop Foreclosure

  • Who Qualifies

Loan Modification
Loan modifications are currently the easiest way to lower your mortgage rate. You can modify your loan type, interest rate, and even catch up on delinquent payments.  With a loan modification, there are no appraisal fees, no broker fees, no credit checks, and you can modify your loan for a fraction of the cost of a refinance.
Rate Modification
This year several thousand rate modifications have already been approved. It is increasingly difficult and expensive to refinance into a loan with a low fixed rate, especially if you have less than perfect credit. 

 
Read more... [Rate Modification]
 
Payment modification
Taking advantage of a loan modification program is currently the best way to lower your mortgage payments. Almost every lender in the country is no longer allowing stated income loans, especially with homes that are high in loan to value. This has made it impossible to refinance for an increasing number of homeowners.
Read more... [Payment modification]
 
Loan Workout

A loan workout is another name for Loan Modification.  With a loan workout,  almost all aspects of your loan terms can be modified to fit your current financial situation. As you probably know, banks are foreclosing on a record number of homes across the country. 

Read more... [Loan Workout]
 
Loan Modification Form

There are several forms that will be passed back and forth between your lender and our attorneys. The loan modification form that we will use to determine your eligibility for a loan modification consists of the following criteria.

Read more... [Loan Modification Form]
 
Loan Modification Agreement

The loan modification agreement is the legal document that is recorded when your loan modification has been completed.  The agreement  amends you prommisary note that is already recorded with your local county recorder.

This document covers:

  • Your current loan amount
  • Your new interest rate
  • Maturity Date
  • Monthly Payments
  • Place of Payment
  • Property Transfer
  • Compliance with Covenants
Read more... [Loan Modification Agreement]
 


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