| Can I get a loan modification, the answer in most cases is yes
Loan Modification Help
You may ask yourself "Do I qualify for a loan modification" read the information below and contact us for 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
Options to Stop Foreclosure Loan Modification
ABN Amro Loan Modification, America's Servicing Company, American Home Mortgage Servicing Loan Modification, Ames Home Loans, AMERIQUEST (AMC MORTGAGE SERVICES), American General, Aurora, Bank Of America Loan Modification, Bank One, Cenlar Central, Cendent, Centex, Charter One, Chase Loan Modification, Champion, CITI Finiancial Loan Modification, CITI Loan Modification, Conseco, Countrywide Loan Modification, Equity One, EMC Loan Modification, Fairbanks Capital, First American, First Capital, GMAC Loan Modification, Greentree, Greenpoint, Homeside, Homecomings Loan Modification, Homeq, HSBC (HOUSEHOLD), Huntington, IndyMac Loan Modification, Irwin, Key Bank, Litton Loans, Midland, Mortgage Lenders, M&T Mortgage, National City Loan Modification, North American, Nova Star, Ocwen Loan Modification, Olympic Servicing, Option One Loan Modification, PCFS/Provident, PHFA, PHH, Principal Residential, RBMG, Rural Housing, Saxon Loan Modification, Select Portfolio, Standard Federal, Taylor Bean & Whitaker, Third Federal, TIB, Tier One, Union Planters, US Bank, Vanderbelt, VA, Washington Mutual Loan Modification (WAMU), Wells Fargo Loan Modification, Wilshire Loan Modification, World Savings Bank
Denied for a 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
If you need a loan modification contact us
We have helped many homeowners in foreclosure save their homes below are some examples
City: CEDAR HILL
State: TEXAS
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
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
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
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 several 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
County: Stanislaus
Stop Foreclosure 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
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 me from falling into foreclosure.
City: Alexandria
State: Virginia
County: Fairfax
Foreclosure help in Virginia
I have been trying to work this out with Countrywide through their Workout department, I have sent several letters since March but did not get any response. I was asking for hardship assistance or a loan modification, so I finally called for the 10th time and was told I was put in foreclosure. I want to keep my home at all cost.
I need a loan modification with Countrywide. We really need your assistance to get foreclosure help with a loan modification.
City: Fayetteville
State: Georgia
County: Fayette
Been trying to get a loan modification for at least three years. (ARM Loan) After seven months of calling I was told it was declined and my payment was going up another one thousand dollars. They had paid taxes I could not pay and increased my payment.
City: Rancho Cordova
State: California
County: Sacramento
Stop Foreclosure in Sacramento
I am a teacher that has not had a pay raise in at least 3-4 years. Everything has exploded around me with rising fuel prices to the cost of food at the grocery store. Trying to make things work I traded in my full size truck and lost $10,000 to buy an econimical car I could afford to put gas in. I was living on a shoe string before, at times robbing from Peter to pay Paul, but now Peter's pockets are empty and I am quickly going under. Nothing has changed. B of A has my 2nd which is what I am behind on. Can someone help get a Loan Modification?
City: Inglewood
State: CA
County: Los Angeles
I live in a Triplex. My loan is scheduled to adjust September 1, where I will be required to pay $800 more than what I am paying now. I currently have an interest only adjustable. I'm going from a 6% to 8% loan then in 6 months it will adjust again to even higher. I can make my payments as it is now at 6% but I will not be able to make it if the payments should it go to 8%. I tried to get loan modification help on my own with some help from HUD - Operation Hope. American Servicing denied my request and said I wouldn't be able to afford the new loan if they turned it into a fix. I tried refinancing but they said my property just isn't worth what is was worth 1 year ago. I don't understand why they can't freeze my rate for a couple of years until the market improves and I can get another loan. Stop GMAC foreclosure , GMAC Loan modification
City: Coeburn
State: Virginia
County: Wise
I have a first and second mortgage with HSBC, last fall I was able to work out a modification with them. I lost my job in December of last year and I now work at another job . I have been able to keep the second mortgage current but I have fallen behind on the first mortgage, I owe 2 payments. I would like to get back on track before I'm threatened with foreclosure again. HSBC loan modification
City: Los Angeles
State: CA
County: Los Angeles
Struggling to pay monthly payment. Requesting loan modification loan so that I may be able to continue to keep the house. Countrywide Loan Modification
City: Medina
State: Ohio
County: Medina
I had originally bought the house for my daughter and her family to live in because their credit at the time was not good. I do live in the in-law suite that is attached to the house, but my daughter and son in law make the payments on the house and have been from day one. currently at a 10.4% rate which is the problem , the payments are 2500.05 a month and since they are behind we can no longer catch up and will forever be trying to catch up. currently behind from may,2008. the rate is due to go up again soon due to having an adjustable rate mortgage. has not changed, still behind. Litton loan is the mortgage company, Litton modification help
City: Gold Beach
State: Oregon
County: Curry
we have been in foreclosure before and were forced to do a chapter 13 bankruptcy. I received a notice that our two year fixed was up and our pmts went up to 1,500 per month we could not afford this due to limited work. We moved to another location and had decided to sell the home however this house was sold and we had to move back to this house. I am currently not working due to health problems( recent heart attack & lung surgery) but plan to be working again soon. The doctors thought I had lung cancer but the tests came back negative.We have been struggling to keep the home for some time and cannot refinance despite several attempts. We do not want to loose our home and have actually started to begin remodeling it some. I would like to do a loan modification and start over. I have documentation from doctors if needed. Countrywide loan modification
City: Lakeside
State: CA
foreclosure help in San Diego
County: San Diego
I am in a 5 year ARM, the rate will adjust March 2010. The loan is with Bank of America. I have an equity line of credit out on the home in the amount of $45,000.00. I was recently divorced and I need to refinance to get my husbands name off the loan as well as get into a better loan, potentially a 30yr fixed. Monthly payments cannot be much higher than they currently are $2,024.00 plus $200.00 on the equity loan, total monthly payment average $2,250.00. I make all my payments on time and always have, I have not missed a payment. Pleas help modify my loan.
City: Willis
State: Texas
Loan modification with Chase
County: Montgomery
I am a sole propriortor of a swimming pool company, we do construction, retail,service and remodeling. We were doing ok until the stock market fell and the economy slowed down and then hurricane Ike hit our area. I have two vehicles that I owe 2 payments each also. My fiance who helps me with the work, was hospitalized in June of this year and our insurance canceled him so now I have over 24000.00 in hospital bills to pay. The business is a seasonal business and we are in our slow season now, although this year was a very poor season for the pool industry as a whole. There has been at least 8 pool companies that we know of that have gone out of business in the past few months and we are struggling to hold on at this time. I do have other monies owed to contractors who have agreed to work with me as long as they can. I have lost money on jobs the past two years due to circumstances beyond my control and I have a law suit pending against one that owes me over 79000.00 who has recently filed Bankruptcy but we still have suit and lein against owners & property, therefore I have attorneys fees to pay also. With all that has taken place, I have fallen behind on mortgage and vehicle payments. We do expect to recover eventually as we have work coming up but it will take time to get caught up. We have an ARM loan through Homeq Services which our loan was originally through Equifirst when we refinanced our home in 2004 to be able to open my business. My contract was suppose to be less than what it is but when I went to the closing it was more. Had I not needed the money quickly, I would have walked out of the closing. My ARM will adjust Feb. 1 2009 and my payments will go to 2400.00 per month which I will not be able to afford. I did have a company look at my paper work and they informed me that whoever did my loan had checked both conventional loan and ARM. I do not know what that means. Our business does not usually pick back up to full strength until Feb. or March but we don\'t know what will happen at this point since it has already been slow. We are hoping that with the election over with and the stock market starting to improve somewhat that it will help our business pick up sooner. Please help modify our HomEq loan.
City: Port St Lucie
State: Florida
Stop foreclosure in Florida
Our situation is a tough one and we would like to know if you can help? We need to know honestly. We have been behind on our Mortgage since last December. Our home is in foreclosure with a date of April 30th. We have had our house for sale for a short sale and have had 5 contracts on it and our lender will not budge! The lender is Countrywide, They will not help in anyway or form! I lost my job in April and have been unemployed since, my wife is just getting over major surgery and was bedridden for 14 weeks,I was forced to take care of her and my newborn daughter who is 15 months old. I\'m receiving unemployment have no other income,We have no money in savings what so ever, Can you help? or give us some honest advice on where we can turn to? Thank You very much for your help! We need help with a Countrywide Loan Modification.
City: Brainerd
State: Minnesota
Minnesota foreclosure help
County: Crow Wing
my company closed and it took me several months to find a job my husband has a bad back and can’t work then after I got a job we had a family illness and then a death in the family accredited home is our lender and we want to get out of foreclosure refinancing our home.
City: Bothell
State: WA
Washington foreclosure help
County: Snohomish
We puchased our home in 2005 with a 3-year ARM, and 20% in a 2nd. The intent was to refinance after 3 years and consolidate the 2 loans. The mortgage mess hit right at the time my loan adjusted, and now with the fall of housing values and increased difficulty getting a loan a traditional refinance is proving problematic. My mortgage payment has increased $700 a month. I have a very good job, have never missed a payment, and am not currently in danger of getting behind. It is however making it difficult to reduce other debt and save money. I have read nothing but horror stories posted from others who have tried to work with Litton to adjust their loans. Has your firm had success with getting a Litton Loan modification?
City: Clarksville
State: TN
Foreclosure help in Tennessee
County: Montgomery
I had no problem paying my mortgage. Both of my adult sons living here had jobs and were paying \"rent\". They both lost their jobs and it fell to me to pay all the bills alone. I tried to work with the mortgage company and they told me they would help me file a hardship case. Two days later, I get a letter from a lawyer stating they have received instructions to forclose the mortgage. Help stop my forclosure
City: Starke
State: Florida
Florida foreclosure help
County: Bradford
I need to lower my monthly payments by at least $200 in order to be able to make my payments. I just need to have Citi adjust my rate to 5% or lower in order to do that and then I can just stay with them and not have all of the fees of trying to refinance through some other bank.
City: Farmington Hills
State: Michigan
Michigan foreclosure help
I am writing to respectfully request that you consider re-negotiating the terms of my current loan so I can continue to make payments. I have analyze my financial situation and I believe that a monthly mortgage payment of $1,500 (including taxes) would allow to me to keep current on my mortgage, pay it on time, and pay my other necessary obligations. I very much would like to be in a position where I am able to make my mortgage payments without the assistance of my co-signer or husband, neither a dependable source of supplemental income. I am however, very open to discussions in determining a mutually beneficial interest rate and monthly payment for all parties. I purchased my home in November, 2007. I was extremely excited as you can imagine. As we began the mortgage process, it was clear this was not going to be an easy process for me. My mortgage broker however was very confident he would successfully get me through the process and he did. However, the interest rate he was able to secure for me was 11.750%, I was not able to escrow my taxes as I would have liked to, and I had to obtain a co-signer. All of these factors were a concern for me but I relied on the broker’s verbal assurance that I could refinance in 6 months to lower the payments and no one stayed in this type of loan for more than a year. I quickly found out in May, 2008, by a number of different lenders that I would not be able to refinance because the city was assessing my home at a higher value then it was being appraised for and my taxes would be higher. In addition, I had not paid the winter taxes and, my debt to income ratio was higher than they would have liked. At the end of May, 2008, my husband, who was contributing to the mortgage payment and other household expenses, was laid off and his contributions stopped immediately and without warning for me to plan. This not only caused me a great deal of stress, but caused me to get severely behind on my bills, except for my mortgage. I was determined not to have any late mortgage payments on my credit report or go into foreclosure. Instead I depleted my 401K account and used the money to pay for the mortgage and other bills. My co-signer, who was helping supplement my income has become ill and has been in and out of the hospital this year. Once he become ill his contributions stopped and I actually began helping pay some of his medical expenses. Obviously with all these different life changing events, I’ve had to make serious financial adjustments. I have cut extra curricular activities, started cooking all meals at home, and I did not renew my car lease with GMAC in May. However, I’ve exhausted all of my resources and again, am reaching out to Chase for assistance in re-negotiating the terms of my current loan. I truly hope that you will consider working with me. I have attached the financial documents you have requested and can provide you with further financial documentation if necessary. I am looking for assistance in obtaining a loan modification with Chase mortgage. I have a hard ship letter that can be provided for further details regarding my situation.
City: Georgetown
State: Kentucky
Foreclosure help in Kentucky
County: Scott
we have lived in this house for 3 years almost, and we refinanced once but with the income me and my wife make, we cannot make the house payment and car payments and insurance payments on the house and cars even the taxes on the house we cannot make now. too many bills. Can you help? were I work my job is slow and I have not been working the hours that I need to. plus I have had several surgeries that set me back. My wife has been sick and she was out of work some too. where I work we are shut down to the 12th of July, that just makes the bills pile up more.
City: Houston
State: TX
Foreclosure help in Houston
County: Harris
Issue is escrow account shortage. Previous mortgage company did not transfer a tax payment I made to ASC when the mortgage was transferred over to ASC. ASC assessed an escrow shortage for current year and partial past year as a result. I phoned ASC in July and explained my financial situation involving caretaking for my 81 yr old mother in law battling cancer. She has no income and no insurance. They instructed me that they would adjust the mortage by adding the shortage onto the end of the mortgage note. However they did not do this and consequently have been showing my mortgage payment as a short pay for several months. I have never received notice of the foreclosure status. I just happened to get a post card today from a law firm that indicated the foreclosure sale date is set I have a good job. I also have a substantial bonus to be funded in Mid March 2009. I can utilize this bonus to fix this financial situation if ASC will work this out. I phoned them this afternoon and they seemed agreeable to work out a repayment plan but asked for some documentation from me first. 1) a hardship letter, 2) copies of my last 2 pay check stubs, 3) a financial picture of income & expenses. Mortgage company is Amercan Servicing Company. We need foreclosure assistance. |
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