Loan Modification

Our Experienced Loan Modification Program:
  • Attorney Backed
  • No Upfront Fees
  • We Succeed On Over 92% Of All Loan Modifications
  • Approval In As Little As 30 Days
What is a Loan Modification?

A loan modification restructures the terms of a loan, and is typically offered because of a homeowner's long-term inability to make a full mortgage payment. Modification of a loan can apply to the interest rate, the term (length in years) of the loan, and potentially a reduction in the principle balance. In an attempt to maintain homeownership, a loan modification should always be considered whenever there is a chance to avoid foreclosure.

Are you a candidate for Loan Modification?
All of the following are great candidates for modification:

  • Adjustable Rate Mortgages
  • Currently Behind On Payments
  • Inability To Pay Your Entire Monthly Mortgage Payment
  • Owe More Than Your Home Is Worth
How long does the Loan Modification process take?

Each bank and loan servicer has different criteria, but we work with Fannie Mae to get answers on Loan Modifications in 30 days or less!


What happens during a Loan Modification?

Our legal team presents the best possible argument for the lender to restructure your loan with a payment that fits your current income.

Can I get a Loan Modification myself?

You can apply for a modification yourself, however most homeowners are unaware of the guidelines and criteria lenders require. With the terms of your mortgage, and the next 30 years at stake, it is well worth your investment to hire a professional that specializes in loan modifications.

How can I get the process started?

Fill out the Free Private Consultation Form, and we will contact you directly to get the process started immediately, especially if you have missed mortgage payments or have a foreclosure date scheduled. Once we have consulted with you, and determined that you are qualified for a loan modification, we will gather your lenders exact criteria and forward it to you, so that you never have to disclose any of your private financial information to us (beware of any company that asks upfront for any of your private financial information).

Loan Modification - Advantages
  1. Stay in your current home.
  2. Reduction (which could be temporary) in monthly payment.
  3. Credit damage can be minimized.
Loan Modification - Disadvantages
  1. Currently over 60% of Loan Modifications re-default, and wind up back in Foreclosure.
  2. Monthly payments are typically reduced only temporarily, and adjust to higher payments in the future, when loan terms or refinance possibilities may not be as favorable.
  3. Principle loan amounts and any back payments are typically added to the end on the loan, and can be a balloon payment in the future.
  4. Many loan modifications increase the term of the loan (up to 40 years), in order to reduce the monthly payments.
  5. A Deed-In-Lieu or Short Sale may be your best option now, and give you the ability to re-purchase a home within one (1) year, at a lower price, and at a lower interest rate than your current loan, even after your current loan in modified.
  6. A Deed-In-Lieu or Short Sale may offer you Cash today, to leave your home and relocate to a rental property, and many times the rental property payment is much less than your mortgage payment, even after your loan has been modified.
  7. Many homeowners did not disclose their actual income (a stated-income loan) on their original loan application, and during the loan modification process, there is the potential that the lender seeks damages for incorrectly stating income on the original loan application when the home was purchased.