Loan Modification

Loan Modification is a permanent change in the terms of your existing loan. Lenders may restructure your loan by a reduction in the interest rate, an extension of the length of the loan, a lowered principal balance, reduction in the amount of accrued back payments or late fees, as well as many other options to allow you the affordability to pay your mortgage.

If you are behind on your payments, struggling to make your payments, expect an adjustment that will cause you to fall behind, you are facing foreclosure, or fear foreclosure is just around the corner- then you are a candidate for loan modification.
The Loan Modification process usually takes 30-90 days, and consists of many long phone calls and negotiations. Loans Modified America will handle every aspect of your negotiation and prepare a comprehensive loan modification package for your lender, including but not limited to:

Financial Prospectus Workout – Detailed to include all income, assets, and all payments you make, down to every cost, including Gas! This allows a realistic view of your financial abilities to be sure you can continue to make your home payments for years to come once your loan is restructured.

Unlimited Negotiations with your existing lender and/or their attorneys.

Loan Restructuring Proposal – Loans Modified America requests specific terms for your new loan. Our request is carefully discussed with you so that you are happy with your new loan.

Representation on your behalf in dealings with your Lender

CMA - Comparative Market Analysis of your home

Pulling of Credit Report

Full Time, one-on-one customer service for your Status Updates

Loans Modified America may request modifications in the following ways, however other options may be used to lower your monthly payments:

1. a) Request Adjustments, elimination or repayment plans on any delinquent and past due balances.
2. b) Request current and future rate of interest charge and monthly payments to be lowered
3. c) Request loan balance amount to be less than current loan (lowering your principal balance)
4. d) Request Loan to be converted to a longer fixed term

The goal is to get you back on track, current on your payments, and to keep you in your home for years to come.

Can't I do this myself? Why should I pay someone else to do it for me?
Of course you can negotiate with your mortgage company yourself. Just as some people act as their own accountants or legal representation, some people are knowledgeable enough about mortgage delinquency that they are comfortable negotiating with their mortgage company.

However, for others phrases like "partial claim", "loan modification" and "special forbearance" are intimidating and confusing terms. People in this category may find dealing with their mortgage company to be a dehumanizing experience as they are shuffled along the assembly line-like process, never sure if the representative they are talking to is truly looking out for their best interests or merely trying to meet their quotas while attempting to keep their talk time low.

Loans Modified America doesn't offer any service to you that you cannot technically perform for yourself. Then why pay us to represent you? There are many reasons we could provide but perhaps an example would be more effective:

When you are on the phone with your mortgage company and they tell you there is nothing that can be done for you, how do you know if this is the truth or if it is simply what the representative chooses to tell you as a result of their inexperience or apathy? These representatives aren't sitting in an office of their own, thinking about what a great career they have. The mortgage company representatives you will deal with work in call centers- a low-paying, high-turnover field of employment. Our negotiators have more experience in mortgage retention than most any of these representatives, do you?

How many financial transactions are as important to the average person as their home? Much like in any important matter, having the proper guidance and representation can make all the difference in the world. It can save you time, trouble and money.

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E-mail: info@loansmodifiedamerica.com