AVOID FORECLOSURE
Programs offered:
MORTGAGE LOAN MODIFICATION
Loan Modification is generally the best option for the majority of our clients which is why we specialize in connecting you with best rates and the mortgage modification that is right for you. Our team is answer to your question How can I modify my mortgage? By providing you help in getting the right information out to various competing lenders in order to negotiate a fair and beneficial arrangement in your new loan terms. Our team uses proven techniques and strategies and has relationships with the nation's top lenders and organizations for mortgage modification. Your interest rate could be lowered, your loan extended for lower payments, or your principal balance could be reduced. Please Click Here to contact one of our representatives and begin the steps towards your mortgage modification.
MORTGAGE REFINANCE KIT/FORBEARANCE
Some mitigation specialist will consider applying for a mortgage refinance kit from your lender if you are facing short term financial difficulties or are a few months behind in your mortgage payment. The option requires careful review of your financial situation and you must be able to prove that you can afford the mortgage refinance kit in order to secure your eligibility.
SPECIAL FORBEARANCE (FHA loans only) (Type I & II)
A specialist may apply for special mortgage modification if you are suffering from short term financial difficulties and your payments are 90 to 365 days behind. This option is designed to provide more relief than the typical repayment plan. Often, if approved, the repayment is spread over 12 to 18 months. A Type II can be utilized in the situation of temporary unemployment, and one can prove some future employment.
PARTIAL CLAIM (FHA mortgages only) (Some Freddie Mac Investor loans)
A specialist may apply for special mortgage modification if you are suffering from short term financial difficulties and your payments are 90 to 365 days behind. This option is designed to provide more relief than the typical repayment plan. Often, if approved, the repayment is spread over 12 to 18 months. A Type II can be utilized in the situation of temporary unemployment, and one can prove some future employment.
VA LOAN MORTGAGE MODIFICATION/REFUNDING
This option is available only for VA loans. Essentially, refunding occurs when your loan is purchased by the VA from your current lender. This refunding allows the VA a lot more flexibility in the terms of your loan and can often provide options your current lender wither couldn't or was unwilling to offer. Under the 38 USC 36.4318, the delinquency is added to your prior balance and the whole amount is reamortized. This new loan cannot be transferred without the approval of the VA Secretary.
DEED-IN-LIEU OF FORECLOSURE
We generally view this option as a last resort and are not to be taken lightly. If you have been facing mortgage modification difficulties and your property has been on the market at a fair price for a minimum of 90 days, you might be eligible for this option. You are required to complete a rigorous financial package and provide a copy of you current property listing to be considered for this option. You may not have any other outstanding claims or liens on your property excluding the mortgage modification. If you are approved for this option, you with be giving all rights to your property and the property will now be owned by an investor. In trade, your lender may waive all deficiency judgment rights.
After going through this; is there any way out where I can modify my mortgage? Yes there is.
Compare Rates and Find the Best!
“I was having a difficult time making ends meet with my current mortgage rate... You guys helped me find a much better rate!”
Claire
Omaha, NE
“Once our adjustable rate started steadily increasing month after
month, we weren’t sure we’d be able to stay in our home... Thanks Find
My Loan Modification!"
Elizabeth
San Mateo, CA
“With so much financial turmoil, I didn’t think any lender would be
willing to help me... But you got me with lenders willing to help my
with rates!”
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Bethesda, MD
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