THE SIMPLE TRUTH ABOUT LOAN MODIFICATION

Loan modifications are permanent changes to an existing loan contract between the lender and the borrower(s). The lender allows for a modification of the loan(s) terms in order to help the homeowner who may be experiencing a hardship and further prevent greater loss in a foreclosure transaction. Typically the lenders offer qualified borrowers a lower, more affordable fixed rate and in some extreme cases offer a reduction in principal. A loan modification is one form of loss mitigation, which is the more appropriate term for the services.

The Simple Process

First, after your online submission, one of our specialists will contact you and obtain an application that includes basic information on the property, loan(s), and the borrower(s) situation. This is then reviewed by our attorneys for pre-qualification. This service is free, has no obligation to the applicant, and will help to determine if the borrower(s) are suitable candidates for loan modification. The pre-qualification process takes 24-48 hours.

Second, If the applicant(s) are pre-qualified, we then forward and request from the borrower(s) the required documentation to begin the loan modification process. This includes: a hardship letter, attorney authorization forms, attorney contract, copies of the borrower(s) financial documents, form of payment, and other required documents given the borrowers unique situation.

Third, after the borrower(s) documentation and payment has been received our attorneys will review, package, and submit the application to the lender along with the supporting evidence in the matter. Our attorneys provide the lender with a detailed report that will summarize to the lender what the borrower(s) can afford and what they stand to lose in the event of a foreclosure. This process usually takes 3 to 8 weeks to complete and differs for each situation. During this negotiation process, our attorneys negotiate with the lenders loss mitigation department in order to obtain the best, more affordable terms for the borrower(s). Borrower(s) may be required to provide further information or documentation as requested by the lender and our attorneys in order to support their situation.

Lastly, if the lender and attorneys have settled on better, proposed loan terms, the new loan modification agreement will be forwarded to the borrower(s) for qualification. If our attorneys are unable to negotiate better terms for the borrower(s), we then refund the entire fee back to the borrower. The retainer fees charged directly by our attorneys range from $2,495 to $3,995, depending on the borrowers loan amount, situation, and number of loans.



At Simple Loan Modification you are contracted directly with the attorneys who will negotiate directly on your behalf. Our simple advice, have an attorney handle this matter directly with the lenders legal department. Ask yourself, would negotiate better terms in a courtroom on your own or with a licensed attorney? It’s your decision and we are here to help. No loan modification can ever guarantee results, stay away from firms that do offer such. We are here to help and our experienced attorneys will fight for your right to keep you in your home. We pre-screen our applicants and can help those who may qualify. Best of all, we can guarantee the full refund of our fees for in the event our attorneys are unable to negotiate better terms for the borrower(s).


Q: Can I apply for a loan modification myself?
A: Yes. However, please remember that your lender is looking out for their best interests. Our attorneys will support YOUR best interests. Consider seeking our free advice BEFORE submitting any paperwork to your lender.

Q: Can I apply for a loan modification even if I am not late on my payments?
A: Maybe. Borrowers who are still current on their mortgages show no sign of financial distress to the lender. However, our attorneys have been successful for those who have ARM loans that are soon to adjust. Perfect candidates have Option ARM loans or 2,3,5 year Hybrid ARM loans that will adjust soon.

Q: What if I lost my job?
A: To qualify for a modification, the attorneys must prove the hardship and the borrower’s ability to continue making payments immediately after a modification has been negotiated.

• require payment up front, without prior pre-qualification.
• accept ONLY check or money order.
• DO NOT offer any direct legal support from an established attorney firm.
• PROMISE any result.
• do not offer any form of money back guarantee.

 

• Our goal is to help qualified homeowners keep their home
• Our success rate is outstanding and above 90%
• Some loans are modified to fixed rates under 5% and lenders continue to be more creative given the current financial crisis.
• For the traditional cost of a refinance you have the ability to modify your loan into better terms.
• There are many unscrupulous loan modification companies out there, make sure you work directly with attorneys.
• We offer a FREE PRE-QUALIFY.
• We offer a 100% money back guarantee. We are able offer this without hesitation because of our extremely high success rate on accepted applications.
• All states encounter different laws and regulations; we have attorneys that can help in all 50 states.

Contact us today,

We can help you save your home, It’s that Simple. APPLY NOW!