LOAN MODIFICATION

Are you at risk of losing your home?

Do you owe more than your home is worth? Has your interest rate recently increased?

Due to current economic trends, can you no longer afford your payments?

Q: How do I Qualify for Assistance?

A: Borrowers need to prove that they are experiencing a substantial financial hardship.

Q: What is a Hardship?

A: A hardship is a situation that has a life changing effect for the borrower that results in an inability to pay the mortgage debt in either, short or long term. Some examples are:

Separation or Divorce
Medical Bills
Inability to Work due to Health Reasons
Death of Spouse
Job Relocation
Reduced Income or Unemployment
Business Failure

A loan modification fixes the terms of your existing mortgage loan. A loan modification will change your existing mortgage note and give you a fresh start. Your account will be brought up to date as soon as the terms of the modification are negotiated. We will negotiate existing loans by reducing interest rates, extending the length of the loan, lowering the principal balance, reducing the amount of accrued back payments or late fees, as well as many other options. Are you currently behind or struggling to make your payments or expecting an adjustment that will cause you to fall behind? Are you in fear of foreclosure? Then you may qualify.

A loan modification takes anywhere from 30 to 90 days and consists of the following process:

Preparation of a comprehensive application for your lender.
Detailed Financials – To include all income, assets, tax returns, and all monthly payments including gas and groceries!
Letter of hardship
Cost & Benefit Analysis
Financial Analysis
Unlimited Negotiations with your existing lender and/or their attorneys

LOAN MODIFICATION

Q: How do I Qualify for Assistance?

Q: What is a Hardship?

IF YOU NEED HELP CONTACT LORI MATOFF FOR A FREE CONSULTATION