It is possible to prevent foreclosure:
The truth is that the bank does not want your home. On average a bank will lose $50,000.00 to foreclose a house. It is in their best interest to work out new terms with the borrower and find a way to avoid foreclosure.
In today's economy, you want to make sure you are choosing the right firm to help you save your home. We understand you are facing a difficult time and we will help you make an educated decision.
We accept clients with:
- Credit Scores under 500
- No Employment Seasoning
- Non-traditional Income Accepted
- Current or foreseeable 60, 90 and 120 Lates
- Balances that are more then your home is worth
- Chapter 7 and 13's OK
- Foreclosure in process
- Property in Probate
- Property currently listed for sale
- S/E (no business license or CPA letter)
- No Title seasoning required
- Non Owner Occupied to 4 units
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Mortgage Modification Application Form
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Loan Modification
This is a process whereby a homeowner's mortgage is modified and both lender and homeowner are bound by the new terms. The most common modifications are lowering the interest rate, reducing the principal balance, 'fixing' adjustable interest rates, increasing the loan term, forgiveness of payment defaults & fees, or any combination of these. Once pre-approved you will be put in direct contact with our mitigation team and a loan specialist will be able to work with your bank to help you out of your financial situation.
Types of results:
- Interest Rates 2.5% to 6.5%
- Arrears are wiped out or added to existing principal
- Fixed for 5, 30, 40 years
- principal reductions on 2nds of 50-80%
- principal reductions on 1st down to current market value
- All files are pre-qualified and underwritten before payment is accepted
More Info...
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