Who qualifies?

Those individuals who have been classified as having financial hardship.  Some examples include:

• Those who are a few months behind on their payments
• Those with negative amortization loans
• Those with arm loans
• Those who are upside down on their loans (owe more than home is worth)

Also personal financial hardships, including:

• Reduced income or hours
• Divorce or separation
• Excessive medical bills or back taxes
• Failed businesses or loss of employment

Why offer loan modifications?

When financial problems occur the home is one of the largest investments people have and is affected the most.  Our purpose is to eliminate debt and create wealth.  If your mortgage payment could be reduced by the mortgage company you now have the ability to pay off accumulated debt.

We not only pay off consumer debt and your mortgage, we help build a substantial retirement program.  In order to pay off my debt and build wealth there are three changes you need to make in your financial procedure:

• deposit pay checks directly against debt (personal line of credit)
• use the banks money to pay monthly bills (credit card)
• use computer program to maximize debt reduction

Why do mortgage companies do loan modifications?

Mortgage companies are not in the real estate business.  When they foreclose on a property they have to have dollar for dollar assets in their bank.  If they do not have such property they can loan $10.00 for every $1.00 of assets.  Banks and mortgage companies do not want your property they would rather have you in it making payments.

You can negotiate with your mortgage company on your own, but it is recommended to have negotiations done by professionals, ie. attorneys.  You will need to give power of attorney to your professional to act on your behalf.   Loss mitigation department at major banks and lenders give much more credence to modification proposals submitted by attorneys.

What do I have to do to get started?

• Contact a reputable firm to do your modification
• Fill out a free qualification form
• Write a hardship letter
• Provide copies of all necessary paperwork to submit for modification
• Let the attorneys negotiate for you

Contact me.