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Get the Negotiation Expertise You Need to...
Modify Your Home Loan & Stay Where You Are!
The experienced professionals at Loan Modification Complete can help you pay less on your monthly loan(s) or bring your loan current.
Our negotiators use powerful laws like the Truth in Lending Act (TILA) and the Real Estate and Settlement Procedures Act (RESPA) to encourage lenders to be more amenable to your case. These laws must be followed and if they are not, can result in a lawsuit with penalties to the lender.
Typically, our negotiations result in the lender being more willing to work out
favorable terms to avoid costly litigation. Any of the following may apply to your loan:
- Loan Modifications/Restructuring
- Repayment Plan
- Reinstatement
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- Loan Forebearance
- Short Sale
- Deed-in-lieu of Foreclosure
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Definitions to help you understand:
- Loan Modifications or Loan Restructuring: We will negotiate with your lender to modify the loan terms to an affordable level. A Loan Modification will change your existing mortgage note and give you a fresh new start in managing your home.
- Repayment Plan: This will let you repay part of the delinquency each month, along with you regular monthly installment. Most of our clients will be eligible for a Repayment Plan for the amount they are delinquent if their financial circumstances have stabilized.
- Reinstatement: The Reinstatement amount is the total amount that is past due including late fees and Attorney costs. If you are able to promise a lump-sum to bring your payments to a current status by a specific date, you are likely to be eligible for a Reinstatement.
- Loan Forbearance: This plan works for people who have just experienced a sudden living expense increase or income loss. We will negotiate with your lender to explain this hardship and hopefully get you the time you need to readjust your spending and recover financially.
- Short Sale: This will enable you to sell your property for less than what you owe. We negotiate the process with your lenders to ensure a discount on the sale and subsequently relieving a major distress situation, and avoiding foreclosure.
- Deed-in-lieu of Foreclosure: This procedure allows you to transfer your property voluntarily to your lender or Mortgage Company and your debt or deficiency is often forgiven. This will not save your home, but it will help you avoid the lengthy legal process of foreclosure.
Let us help you with all the details... filing the necessary paperwork and negotiating with your Mortgage Company.
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