Foreclosure Prevention & Loan Modification Specialist, Save your home from foreclosure

LOAN MODIFICATION APPLICATION

NEED HELP? CALL NOW 713-784-7676

IS YOUR MORTAGE MORE THAN YOU CAN HANDLE? Hounded by Creditors? We can end the calls today!

Has your mortgage payment become more of a burden than you can afford?

Are you having to face foreclosure and the possible loss of your home?

There is a way to make a positive change. Let us help you today for a brighter tomorrow....

We follow a proven 4-step process which begins when we contact you, answer any questions you may have and help you understand the plan that can save your home.You may ask, why can't I just do this myself. You can, but you probably won't if you haven't done it already. It's the same reason you take your car to a mechanic when you have a problem. He's a professional and can fix it better & quicker than you can with out all the headache.

As you and your mortgage face an uncertain future, it is important that you understand how we can help and what the process is that we will go through together.

We follow a proven, step-by-step process that will correct your existing mortgage problem by negotiating a solution with your lender that best fits your unique financial situation.

Our number one goal is to work with you and your lender to ensure that you and your family can keep your home now and in the future. stopping the foreclosure process immediately and permanently.

AVAILABLE PROGRAMS:

Loss mitigation programs were established by the federal government and the mortgage industry in order to help prevent home foreclosures. There are several programs available, and each lender has its own policies regarding the use of these programs. In addition each program has its own complexities and rules that must be followed.

Because of our extensive experience, as well as our close working relationships with mortgage lenders, we are able to help you successfully navigate through those complexities and rules, which may otherwise be overwhelming for you as you work to save your home.

First we perform a thorough assessment of your personal finances, and analyze your lender's loss mitigation policies. Then our professional loss mitigators will negotiate with your lender to get you the best possible solution to your home foreclosure problem.

We can help you save your home - and credit history - through any one of these loss mitigation options:

1. REPAYMENT PLAN

A great many people have short-term financial problems, and may have no choice but to miss a payment or two on their mortgage. Once that short-term problem is over, they can go back to making their mortgage payment, but they can't come up with enough money to also pay the missed payments.

This is the most common mortgage problem, and a repayment plan is the most common solution. Your lender and you, with our help, set up a repayment plan whereby, in addition to your normal mortgage payment, you also pay a bit of what you owe on the missed payments, until you are caught up.

2. SPECIAL FOREBEARANCE

If you can show your lender that you will be able to pay your mortgage loan after a certain length of time, you may qualify for a special forbearance. Your lender will allow you to make reduced payments for a certain amount of time, or indeed, no payments at all. However, during this time period, interest on the loan will continue to accrue.

3. LOAN MODIFICATION

A Loan Modification is "a permanent change in one or more of the terms of a mortgagor's loan which allows the loan to be reinstated, and results in a payment the mortgagor can afford". In other words, your interest rate can be lowered, your remaining balance re-amortized and.or the current term of your loan extended, in order to reduce your monthly payment.

There are costs and fees associated with a modification that you will be responsible for, and for which you will have to make an immediate payment.

In order to qualify for a Loan Modification, all property taxes must be current or you must be participating in an approved payment plan with your taxing authority. If you have any additional liens or mortgages with other lenders they must agree to be subordinate to the first mortgage.

4.VA LOAN MODIFICATION / REFUNDING

The VA Loan is a program set up by the Veterans Administration to help active duty and retired military personnel purchase homes. With a loan through the VA, the home is financed completely, so that you don't have to pay mortgage insurance, and they also set limits on the types of fees that can be charged by your lender. If you're having temporary problems, it is possible to do a Loan Modification on a VA Loan.

If your lender will not do a loan modification, but intends to foreclose, the VA also has an option, called "re-funding" where they will buy your loan from your original lender, and re-amortize the loan so you can afford to make the new payments. The is entirely at their discretion, however.

5. PARTIAL CLAIM

If you do not qualify for a repayment plan or loan modification, you may still be able to obtain a partial claim - if your mortgage is through the Federal Housing Authority (FHA).

With a partial claim, you are taking out an interest-free second mortgage through HUD, to assist you in paying the first mortgage.

Or as the HUD website puts it: Under the Partial Claim option, a mortgagee will advance funds on behalf of a mortgagor in a amount necessary to reinstate a delinquent loan (not to exceed the equivalent of 12 months PITI (principle, interest, taxes and insurance). The mortgagor will execute a promissory note and subordinate mortgage payable to HUD.

FHA mortgage holders may qualify for a partial claim if their loan payments are more than 4 months, but no more than 12 months overdue, and they have the proven financial stability to begin meeting their payments.

6. DEED IN LIEU OF FORECLOSURE

If you have had your home listed with a real estate agent for at least 30 days, with no success in selling it, and if it is in sellable condition, and if there are no claims or liens against it, other than your mortgage, of course you maybe eligible for a "deed in lieu of foreclosure:.

What this means is that you transfer the deed of your house to your lender, so they do not have to foreclose on the property. They obtain ownership of the property immediately, and the remainder of your debt is forgiven. Note that this program does not save your house.

7. SHORT PAYOFF

A "short payoff", also known as a "short sale", a "pre-foreclosure sale", or a "compromise sale", is really the option of last resort, and requirements to have this occur are very stringent. It is defined as "A sales in which the lender allows the property securing a mortgage or deed of trust loan to be sold for less than the existing loan balance, due to factors such as the borrower's financial circumstances, the property's physical condition and local real estate market conditions." The money thus gained from the sale belongs to the lender.

To qualify for a "short payoff", you must have suffered a long term financial hardship - for example you or an immediate family member have suffered catastrophic illness, your employer has transferred you out of the area and you're unable to sell or rent the property, you've suffered a disabling injury that precludes you from ever working again and so on.

Loss mitigation companies are not authorized to approve such loans - only the lender can do it. What we can do is help ensure that the lender approves the process.

Fill out the short application below and someone will return your call within 1-hour during normal business hours.

QUESTIONS & ANSWERS

What Is A Foreclosure? When a borrower has been unable to make the scheduled payments on his or her mortgage loan for an extended length of time, the lender may feel that the loan has been defaulted, and will undertake legal proceedings in order to repossess the property. any equity the homeowner may have built up in the home is lost and the homeowner will have to vacate the premises. Laws on how long a homeowner has before a lender can start foreclosure proceedings vary from state to state. In Texas the lender has to give you a 30-day notice to bring the account current and give you 21 days notice of foreclosure. Foreclosure is always on the first Tuesday of each month.

What Is Loss Mitigation? Loss mitigation consists of a variety of procedures set up by the government and lenders to assist homeowners threatened by foreclosure. The goal of loss mitigation is to help the homeowner to stay in their home and protect their credit history.

How Can A Loan Modification Application Help Me Stop Foreclosure? We will perform a detailed analysis of your finances and review your lender's loss mitigation policies as well as your state's foreclosure laws. Working together with your lender we insure that we provide you with the best solution possible to your mortgage difficulties.

I'm Currently In Bankruptcy Can You Help Me? It is possible to help you. It all depends on your specific situation. We cannot, however, negotiate a workout agreement with your lender until your mortgage has been discharged or dismissed from the bankruptcy.

Our loss mitigation consultants can evaluate your case and explain the best options to save your home. Then, once the mortgage is out of the bankruptcy, we can help you stop the foreclosure proceedings.

I've Already Talked With My Lender. They Just Want To Get Paid. Can You Still Help Me? Most of our clients have experienced this kind of inflexibility from their lenders before calling us. We get your bank to listen to your needs. Our integrity and professionalism have earned us a reputation that allows us to be heard when no else can get through the red tape. We will use our experience and connections to your advantage.

Should I File For Bankruptcy To Save My House? This is usually not a good idea. According to the American Bar Association, 96% of homeowners who declare bankruptcy end up losing their home to foreclosure. Bankruptcy is very unlikely to help you save your home. Ther are certain times when bankruptcy is appropriate. We recommend you conslult a reputable attorney in this regard.

Do I Need A Special Type Of Mortgage Loan For You to Help Me? No. We work with any type of mortgage loan including FHA, VA, Freddie Mac, Fannie Mae, Rural Administration and/or conventional loans.

What If I Can No Longer Afford My Home? Can You Still Help Me? If you are certain that you cannot afford your home any longer and wish to sell it, relinquishing any equity you may already have in your home, we can help you to secure a "short sale" payoff (contingent on approval by your lender) or a "deed in-lieu of foreclosure (again, contingent on approval by your lender). These agreements can be arranged at low or no cost to you.

I Just Received A Notice Of Foreclosure. How Long Do I Have To Make My Decision On What To Do? When it comes to dealing with late mortgage payments, time is not your friend. The sooner you act the better. Your lender will be much more confident in your willingness to make payments on your mortgage if you deal iwth the situation immediately, rather than waiting until your back is against the wall. the home foreclosure process can take anywhere from several weeks to many months, depending upon your states and the method of foreclosure your lender chooses to us, but it is imperative that you take action as quickly as possible.

Can't I Negotiate With My Lender Myself? If you are only a payment or two behind, you can certainly discuss your difficulties with your lender yourself and work out a suitable arrangement. However, if your lender is not cooperative or puts you off for more than a couple of week, then it is time to contact us. Don't wait for more than a couple of weeks, because as it cannot be emphasized enough - time is not your friend in these mattters. We provide the professional representation that you need to achieve the best workout agreement possible with your lender.

Can You Help Me Improve My Credit Score? The best thing to do to help you improve your credit score is to prevent foreclosure which we can help you with. In general, however, we do not do credit repair services. For those servcies we recommend a Mortgage Coaching program that we have that is highly effective and has helpled many raise their scores 50 to 100 points over 6 to 12-months.

How Long Is This Going To Take? Working with your lender to reach a suitable arrangement can take anywhere from a few days to several months. It all depends on your current financial position and whether or not foreclosure proceedings have already begun. Typcially, it takes several weeks to complete a workout agreement and stop foreclosure.

Do I Have Enough Time To Stop My Foreclosure? There is always hope although of course the sooner you act the better. It has been possible in the past to even stop a house going on the sale block the day before its scheduled, but it is a rare occurrence. Your best option is to take action immediately to stop foreclosure.

How Much Do You Charge? We typically chage the equivalent of two of your mortgage payments. Our payment plan is flexible - you can pay in installments. We also offer a full satisfaction money back guarantee. If we cannot get you an agreement that saves you money and is beneficial to you with your lender(s) we will refund your money less a $195 administrative file audit fee.

DON'T RUN OUT OF TIME........

CALL US NOW @ 713-784-7676

OR FILL OUT THE APPLICATION BELOW NOW........................