| Can I get a loan modification, the answer in most cases is yes
Loan Modification Help
A loan modification is a change that is permanent in one or more than of the original loan terms on the original mortgage, which allows reinstatement of the loan to stop foreclosure. As a foreclosure prevention alternative the lender may consider modifications that: We are the experts in determining what you best action should be and we work for you to get the best possible option to stop foreclosure.
1. Capitalize delinquent interest, escrow, fees, and costs based on investor guidelines.
2. Implement a step rate mortgage
3. Extend term of the mortgage
4. Reduce or modify the interest rate on the mortgage
5. A combination of one or more of the four.
Why would someone use a Loan Modification
1. To remove a loan from foreclosure
2. To bring the loan current
3. To adjust the loan terms
When making a choice to modify your loan be sure you use experts that really know the business and care about you as the homeowner. We have been successful at modifying loan with the following companies. There are additional companies that will allow a loan modification but we have not had clients that have come to us to help stop foreclosure with the others.
Loan Modification and Foreclosure Help
Items to consider before requesting a loan modification:
1. must have experienced a hardship resulting in a reduction in income that affects ability to make monthly mortgage.
2. have a source of stable monthly income.
3. want to retain ownership of property
4. occupy the property as primary residence
Loan Modification
ABN Amro, America's Servicing Co., Ames Home Loans, AMERIQUEST (AMC MORTGAGE SERVICES), American General, Aurora, Bank Of America, Bank One, Cenlar Central, Cendent, Centex, Charter One, Chase Manhatten, Champion, CITI Finiancial, CITI Mortgage, Conseco, Countrywide, Equity One, EMC, Fairbanks Capital, First American, First Capital, GMAC, Greentree, Greenpoint, Homeside, Homecomings Financial, Homeq, HSBC (HOUSEHOLD), Huntington, Irwin, Key Bank, Litton, Midland, Mortgage Lenders, M&T Mortgage, National City, North American, Nova Star, Ocwen, Olympic Servicing, Option One, PCFS/Provident, PHFA, PHH, Principal Residential, RBMG, Rural Housing, Saxon, Select Portfolio, Standard Federal, Taylor Bean & Whitaker, Third Federal, TIB, Tier One, Union Planters, US Bank, Vanderbelt, VA, Washington Mutual (WAMU), Wells Fargo, Wilshire, World Savings Bank
Denied Loan Modification
You may ask yourself, Can I get a Loan Modification?, contact us today so we can help stop foreclosure
loan Modification to avoid Foreclosure new laws to help homeowner
We have helped many homeowners in foreclosure save their homes below are some examples
City: CEDAR HILL
State: TEXAS
Zip Code: 75104
County: CEDAR HILL
Stop Foreclosure in Texas
I was in a car accident last year had a broken ankle and two broken fingers which i had to have surgery and was off work for almost eight months. During this time my husband was the only one working and we fell behind trying to make it with one income. Shortly after I started back work my husband was laid off. Now we are both working and we are able to pay our current mortgage but we are unable to pay the delinquent amount. Yes our situation has changed. Countrywide is our Mortgage Company . We need loan modification help
City: Stanton
State: California
Zip Code: 90680
County: Orange
Stop Foreclosure in California
I became disabled after sustaining an injury while on the job in July. I contacted my mortgage company right away and informed them that I was injured and asked if there was any type of assistance that they could proved. They assured me that the only help I could receive from them would be a forbearance of three months then maybe a loan modification if my circumstances had not changed. I am still disable and am earning about 2/3 of my regular income, I am about 5 months behind on my mortgage. I HAVE A FIRST AND SECOND LOAN WITH THE SAME COMPANY, First Franklin. My disability status is the same. I will be collecting $1,763.32 every until I return to work, or for a maximum of 4 1/2 more years at which time if I remain disabled I will be e entitled to a lesser amount determined by the disability department of California. I have no other income at this time. foreclosure Help
City: Firestone
State: Colorado
Zip Code: 80504
County: Weld
Stop Foreclosure in Colorado
We declared BK and kept our home. We made payments every month while in BK and signed a loan modification. Our ARM adjusted and we couldn't afford higher payments. Then my husband was hurt and couldn't work for 8 weeks and we got behind. Now, they won't work with us. If we can refinance for a lower payment, making the payment would be no problem. We thought Countrywide was going to work with us but now we can't get a call back. In a panic with foreclosure sale date 2 weeks away. Thanks! refinance home in foreclosure
City: Elk Grove
State: California
Zip Code: 95757
County: Sacramento
Stop foreclosure Help in Sacramento
The interest rate has been gone up and it is so high that we can\'t afford to pay. We will like to keep our house and not go into foreclosure. If we can get a good interest rate we will like to keep our house. Our mortgage company is Countrywide. We have contacted them serveral times and have not yet heard from them. We need to get our loan to be modified. foreclosure help with Countrywide
City: Oakdale
State: California
Zip Code: 95361
County: Stanislaus
Stop Forclosure in California
We filed chapter 13 but our payments are to high and we are about to go into a dismissal. If our payments were just 3500 instead of 5300 we wouldn't lose our home. We do foster care and have 3 children - all are in the process of being adopted and we also do cat and kitten rescue and are 501c. Is there anything that we can do - I have heard of a Loan Modification - but can we do this once we are in chapter 13 ? Option One Foreclosure
Bankruptcy Loan Modification
City: Virginia Beach
State: Virginia
Zip Code: 23455
County: Virginia Beach
Foreclosure Help in Virginia Beach
If I cannot get my bank to do a loan modification and I end up having to foreclose, being the house is known as a second home in Texas. and is not owner occupied, plus we live primarily in another state, California., than the second home, what will happen? I am not in default with my loan, we have excellent credit and steady income, but I will be in default in 6 months, so, I am trying to do some due diligence and save myself from falling into foreclosure.
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