We at Loans Modified America are a team of highly skilled professionals who have worked as Short Sale analyst and Loan Modification analyst. Loans Modified America’s senior management team has over 50 years of collective experience and expertise. The company’s reputation represents the highest integrity and respect for their clients and the circumstances they are facing. Each staff member at Loans Modified America is an expert in their field and has perfected their skill set through the years.
Here at Loans Modified America we specialize and focus on the two types of mitigation: Loan modification and Short Sales. Loan modification is the process of renegotiating a mortgage in favor of both the customer and the lender. It is imperative to have an experienced mitigation professional working with your mortgage lender to ensure the outcome of the negotiations is in your best interest, as mortgage mediation can become quite confusing. Our clients appreciate the work we do on their behalf to assist them in protecting their financial futures and preventing foreclosure.
Short Sales involve the mortgage lender accepting a payoff less than what is owed. Anti-deficiency laws protect those loans that defaulting that were used to purchase the home. If the loan defaulting was a cash out refinance than the Anti-deficiency law holds no ground. What this means is that the deficiency (money short of a full pay off) can be pursued by means of wage garnishment up to 25% of a customer’s monthly income. Example: borrower owes $200,000 and can only sell for $100,000 than there is a $100,000 deficiency. At this point there are two choices. One, we will negotiate a settlement of the deficiency for pennies on the dollar. Or two, we will complete Short Sale and there will be a perusable deficiency balance. So why do a Short Sale if you can be pursued? Foreclosure always yields the least amount of money; therefore, the deficiency amount is always higher than a Short Sale.
Each case is an individual evaluation of circumstances and will be treated as such. Not everyone will be approved. But, for those who are eligible we can construct a solution that is beneficial to all parties involved and will result in less of a loss to the American dollar, and the American homeowner. Thus, rebuilding neighborhoods one modification at a time.

E-mail: info@loansmodifiedamerica.com