Call Now: 1-800-708-0716

The type of Loan Modification that is most beneficial for a borrower behind on mortgage payments is a recapitalization agreement.

It takes all the arrears, interest, fees, and accumulated payments and adds it to the principal of the mortgage loan.

The result of this negotiation is a slightly larger principal loan amount, but a status of “current” on the mortgage loan payments going forward.

Mortgage Rate Reduction or Loan Restructuring

A mortgage pay rate reduction is an ideal solution for a borrower who wants to stay in their property, but can't afford the current mortgage or an upward payment adjustment, because it will lower the monthly mortgage payment to a manageable amount. Loan Modification is also a solution when payment were not made for a short period, but the borrower can now afford to start making payments again.

As an alternative to a mortgage pay rate reduction, if you are unable to make payments at the current rate, we can often negotiate with your lender to extend your loan for a longer period of time, modifying the loan amount to a more affordable level.

A Loan Modification will change your existing mortgage loan and give you a fresh new start in managing your home. Your account will be brought up to date immediately.

To get started on a Loan Modification case, simply print and sign the Retainer Agreement and return it with a cashier's check for the appropriate amount. We will follow up with you on what documents we need.

Information about the Loan Modification Process

Our goal is to avoid foreclosure and keep you in your home. We fully understand that you have a serious problem and only a short time to overcome the possibility of losing your property. We are experienced in working with your lenders to restructure your current mortgage loan(s) by providing you with a plan that you and your mortgage lenders can use to immediately stop foreclosure.

Typical results of our restructuring plans:

LOAN MODIFICATION – 99% of all ‘A’ type lenders and 70% of sub-prime lenders (with high interest rates) and general creditors will negotiate a loan modification and/or mortgage pay rate reduction where most or all of the delinquent payments and foreclosure fees are added on to the back end of the loan. Payments can remain approximately the same. In some cases the interest rate will be reduced permanently.

FORBEARANCE PROGRAMS – Typically 30% of sub-prime lenders (with high interest rates) will only offer a workout program that requires borrower to immediately pay at least 20% or more of the total delinquencies including foreclosure fees, plus the balance of the delinquency will be added to their regular monthly payments over a short period of six to forty-eight months. Forbearance plans do not remove a foreclosure action or stop foreclosure but simply continue it in place until the loan is current.

Click here to get started on a Loan Modification case.

Ben S. Bernanke –

Chairman of the Board of Governors of the Federal Reserve System

“The situation calls for a vigorous response...
Measures to reduce preventable foreclosures could help not only stressed borrowers but also their Communities and, indeed, the broader economy…Measures that lead to a sustainable outcome are to be preferred to temporary palliatives, which may only put off foreclosure and perhaps increase its ultimate costs…In cases where refinancing is not possible, the next best solution may be some type of loss-mitigation arrangement between the len23der and the distressed borrower…The fact that most mortgages terminate before maturity either by prepayment or default may favor an interest rate reduction. However,as I have noted, when the mortgage is “underwater” a reduction in principal may increase the expected payoff by reducing the risk of default and foreclosure.”