Bankruptcy VS. Loan Modification (Another Legal Scam)
I have found out recently that there are Attorneys out there advertising to help homeowners in distress obtain a loan modification. But once the homeowner contacts the Attorney, they are told a Bankruptcy would be a more favorable option for them or that they do not qualify for a loan mod. I know this because my clients have informed me. It's a sick, but legal way to scam the public. Because in most of these cases, the homeowner would qualify for a loan modification. But these Attorneys are more focused on BK's, quick easy money. So they lure people in with false advertising, then rush them into BK's using scare tactics. If you are trying to find a way to keep your home, a BK should be your very last resort. You are probably being told a BK is a easy way to clean your slate and start all over, but the fact is it will be a nightmare in short and long term. Below I have listed FACTS in regards to a Bankruptcy and a Loan Modification. Hopefully this will help you make a more informed decision before you make a horrible mistake. Click here to find out of you qualify for a loan modification. I will have a reputable Law Firm review your case to find out if you are a qualified candidate. This Law Firm does not focus on BK's.
The Facts about Bankruptcy:
Bankruptcy. The very word evokes strong feelings in most people. Though rarely anyone's first choice when trying to cope with overwhelming debt, the decision to file should be made only when fully aware of all its consequences.
Here are some facts to consider about chapter 7 bankruptcy:
Filing bankruptcy can be expensive: Court costs and attorney's fees add up, and are non-dischargeable. Depending on your situation, this is money that potentially could be spent bringing past-due accounts current, or making payment arrangements.
You may lose property: If your assets are worth more than state and federal exemption guidelines, they will be liquidated and the proceeds divided up among your creditors. This can include your home, car, heirlooms, and jewelry. If you are filing a BK 13 to save your home, your lender will no longer speak to your or any 3rd parties should you run into more hard times. The lender has a right to take the home immediately. The only positive thing that comes out of this is the lender can not come after you for the deficit amount after the
sale of the home.
It doesn't solve spending problems: Bankruptcy won't be much use if you spend more than you make. Because credit is available even after discharge (usually with astronomical interest rates), many people quickly descend into debt again. You can only filer BK once every 7 or 10 years depending on which BK you chose.
Not everything can be discharged: You can only walk away from such unsecured debts as credit cards and signature loans. So if a good portion of what you owe consists of student loans, tax debt, legal fees, or back child support, bankruptcy won't help.
Bankruptcy will stay on your credit report for ten years: That's a daunting time frame for most people. The damage to your credit report can prevent you from renting an apartment, buying a home or car, or even acquiring life insurance. And many employers are now pulling credit reports to determine a candidate's responsibility and stability, so even your future job may be at stake.
Here are some facts to consider about a Bankruptcy Chapter 13:
In a Chapter 13 bankruptcy, the debtor is allowed to keep his property, such as his home and or car: However, he must stick to a three-to-five-year payment plan that requires the repayment of all outstanding debt included within the Chapter 13 bankruptcy. According to the website of the United States Courts, the debtor can set up automatic payroll deductions to ensure that the payments are made on time. Failure to make payments as agreed could cause the judge to convert the Chapter 13 into a Chapter 7, and the debtor runs the risk of losing his property to cover the debts. This does happen in most cases so a Chapter 13 would be a temporary but damaging fix.
Costs Money to File: A Chapter 13 Bankruptcy filing will cost you $274, as of 2010. You will also have to pay a fee for credit counseling and financial management courses, which range from $30 to $50 as of 2010. You also have to pay attorney fees that are billed as a flat rate or hourly fee. Attorney fees vary from firm to firm, but generally run in the thousands of dollars. Since a Chapter 13 bankruptcy is more complicated than a Chapter 7, attorney fees will be higher, where legal fees can go as high as $4,500 in addition to filing fees.
Loan Modification Facts:
A Loan Modification will allow you to start over on a defaulted Mortgage: If you should fall on a hardship that causes you to fall behind on your mortgage payments, a loan modification will in most cases help you bring your account current, as well as bring your payments down to an affordable level. This will not have a negative reflection on your credit report, however, any past due payments before the loan mod will reflect on your credit. Making 2 years of current payments on your new Loan Modification will help you bring your credit score back up.
Qualifications for a Loan Modification: You need to have an income, and be able to show a month's worth of pay stubs or bank statements should you be self employed. A hardship is required to be considered for a loan modification. (This does not include spending too much on X-mas gifts!) Being past due on your payments makes it easier to obtain a loan mod. ( I do not suggest for you to miss payments on purpose, only if forced to.)
The cost of a loan modification: Most homeowners try to work with their lenders and find it to be extremely difficult to make any progress with them. At that time the smartest thing to do would be to hire a Real Estate Law Firm or Licensed Attorney to negotiate with your lender on your your behalf. An Attorney knows your rights and federal Laws and regulations. Therefore it makes it hard for the lender to run around in circles. Also, an Attorney has more legal leverage which works in your benefit. The cost should be a flat fee and cost you no more that $3000. The fee should not be based on the loan balance. It takes the same amount of work for $100k home as it would a $1 million home.
Bankruptcy VS. Loan Modification? What do you think?
More Useful Blogs:
I pledge to be 100% honest, diligent, and treat you with integrity.
More Useful Blogs:
Facing Foreclosure? Warning on Getting Help!
Hire Attorney or Loan Modification Company
Why won't my lender won't work with me?
Choosing a Loan Modification Company
If you feel this information was useful, please feel free to comment. Do Not advertise on my Blog.
Facing Foreclosure? WARNING on Getting Help!!
Are you facing foreclosure, or heading in that direction due to an unexpected hardship? Give me a call and you can expect to get good honest information, advice or assistance. Or just fill out my pre-approval form and I will contact you regarding your options. Don't give up! You worked hard to own your home, now it's time to fight for it!
If you are facing foreclosure most likely you are panicking. Panicking can ultimately lead you from one disaster into another one from making vast decisions. Make sure you are careful when looking for a 3rd party to help you avoid foreclosure. If you do seek help , I strongly recommend going to a licensed Real Estate Attorney or Law Firm. But even then you still have to be cautious. The # 1 loan modification scam that is actually not illegal could be the most lethal to your case, would be verbal promises vs. written, signed contracts.
Here's an example. If you have a phone or face to face interview with an Attorney or their associate and are promised anything, make sure it's also stated in the contract or Retainer Agreement. Verbal promises are very common, but what counts in the end is what's in writing and what you signed and agreed to. You have no leg to stand on in court if the verbal promises were broken but you signed the contract witch stated something other than what you were told.
If you are facing foreclosure and not sure who to contact, feel free to call me and I can direct you to a National based Law Firm, with 20 years experience, and a money back guarantee. The Retainer Agreement is written in easy terms so that people like you and I can understand it.
For more useful information feel free to read some more of my blogs!
Have a Blessed Day!
How to Avoid Loan Modification / Loss Mitigation Scams
Loan Modification Scams Update
Loss Mitigation Services FAQ's
Why won't my lender won't work with me?
Modify My Mortgage
Q. What is foreclosure?
A. Home foreclosure is a process by which a lender regains a property which they have financed. Typically, this is because the borrower or homeowner is behind on house payments and is unable to catch up, often due to circumstances outside of his or her control. When the lender forecloses on the homeowner, the homeowner must move out of the house, therefore, losing all possession of the property and jeopardizing any possible equity that the homeowner may have in the home. There is a legal time frame, which varies from state to state, which determines how long the foreclosure process can take.
Q. What can loss mitigation do for you?
A. The goal of loss mitigation is to work out an agreement between the homeowner and the lender that will stop foreclosure proceedings permanently. This allows the homeowner to stay in their home and protects their credit history.
Q. How do we stop foreclosure?
A. Our Attorneys specializes in resolutions of mortgage delinquencies or home foreclosure claims on behalf of you, the homeowner. Our Attorneys perform a detailed financial analysis and work with you to determine your best alternatives. We review your lenders loss mitigation policies and your state's foreclosure law to make sure that we give you the best service within the context of your situation. By working with you and your lender we can tailor a resolution to meet your specific criteria and financial circumstance. We do all of this quickly and effectively because we have been doing this for some time and have thousands of satisfied customers.
Q. What is Loan Modification?
A. A procedure where your loan(s) payment plan is altered due to the hardship of the borrower. This include the new lowered rate, 30-40 fixed term, past due payments put on
the end of the loan, 2nd or 3rd mortgages reduced or eliminated, principle reduction, and sometimes freeze your payments. This a negotiation process between the lender and attorney.
Q. How long do I have to act?
A. Time is of the essence when you are behind on house payments. Time is definitely not your friend in this situation. Each day that passes makes it that much harder to get a work out agreement with your lender that you can live with. The home foreclosure process can take anywhere from a few weeks to many months, depending on your state law and the method of foreclosure your lender chooses to use.
Q. What hardships qualify for this type of help?
A. Whether it was the loss of a job, a divorce, an illness, or rising interest rates, in most cases, there is a legitimate reason for a homeowner falling behind on their mortgage payments. There are numerous reasons, and it's extremely hard to get back on track when you're on a tight budget.
Q. How far behind on my payments do I have to be, before I can qualify for a Loan Modification?
A. If you know that you are unable to make the next payment, contact us after the due date so that we can assist you immediately which usually gives us quick results and much more leeway. If you are more than a month behind or even in the foreclosure stages, we can help you. It just may take a little longer to get your lender to agree on our terms.
Q. Do I have to have good credit?
A. No. Credit is not a determining factor.
Q: Several companies have contacted me recently offering to help. What's different about you?
A. There are many predatory companies who are not what they appear to be. Beware of unscrupulous companies who are actually just interested in buying your house at big discount, or attorneys who just want to take you into bankruptcy or companies that collect a consultation fee then do nothing for you. You can check us out through your state attorney general or the better business bureau. We are very proud of our track record of success and thousands of satisfied customers. They are strong evidence that we deliver on our promises.
Q. Should I negotiate with the lender myself?
A. Yes. If you are only a payment or two behind and your lender has not hired an attorney to begin foreclosure proceedings you may be able to negotiate or work out agreement yourself. If you are successful then you have saved yourself some funds that can be used to get caught up on your mortgage. Just remember, don't waste a lot of time on this. Time is not on your side right now. If you don't have something worked out within 1-2 weeks, then it's obvious that your lender is not serious about working things out with you directly. When you get to that point you will be better served by professional representation that can use the formal business and legal protocols to your advantage. We deliver the critical information and professional representation that you need to get the best possible work out agreement with your lender.
Q. Can you help me improve my credit rating?
A. We do not do credit repair services but we do strongly recommend the nation's leader in credit repair, Lexington Law Firm. Right now, of course, the best thing you can do to help your credit is to prevent foreclosure.
Q. How long does it take for you to complete the case once we fill out all of the paperwork?
A. Anywhere from 2 weeks to several months. This depends on the stage of foreclosure you are in and your financial position. Typically it takes several weeks to complete a work out agreement and stop foreclosure proceedings.
Q.Is this kind of like a refinance?
A. No. This is not a refinance, and there are no closing costs. We negotiate with your lender to reduce your rate, and place you on a fixed term.
Q. What states can you assist?
A. All 50 states of the USA
Q. Do I have enough time to stop my foreclosure?
A. Up until the foreclosure sale occurs there is still hope. If a sale date for your house has been set you need to act fast. We have stopped sales set for the next day but this is very risky and some lenders will not agree to it. You're best option is to take action immediately to stop foreclosure before it goes too far.
Q. How much do you charge to stop home foreclosure?
A. Our fees are based on your mortgage payment amount, and the complexity and urgency of your situation. Our professional loss mitigation consultants will evaluate your case and explain the best options to save your home. We are confident that you will feel that our fees are a bargain compared to the cost of the alternatives. We offer a money back guarantee if we cannot get you a work out agreement with your lender(s) as long as no sale date has been set.
Q. I'm currently in bankruptcy. Can you still help?
A. Yes. But we cannot negotiate a work out agreement with your lender until your mortgage has been discharged or dismissed from the bankruptcy proceedings. Our professional loss mitigation consultants can still evaluate your case and explain the best options to save your home. Then when the mortgage is out of the bankruptcy we can proceed with the home foreclosure help. Sometimes after bankruptcy it is easier to make a mortgage payment because other debts have been discharged.
Q. I've already talked with my lender and they just want all their money. Can you still help me?
A. Yes. 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 because they know and trust us. We have been doing this for some time. We have mitigated thousands of home foreclosure cases. That kind of experience gives us credibility with your lender. Over the years we have developed positive working relationships with key people at most banks. Our integrity and professionalism have earned us a reputation that allows us to be heard when no one else can get through the red tape. We will use our experience and connections to your advantage.
Q. Should I file for bankruptcy to save my house?
A. Maybe. The American Bar Association has reported that 96% of homeowners who declare bankruptcy end up loosing their home to foreclosure anyway. Bankruptcy is very unlikely to help you save your home. If you declare bankruptcy you will likely end up with BOTH a bankruptcy and a foreclosure on your credit report. That being said, there certainly are times when bankruptcy is appropriate and we recommend you consult a reputable attorney should you think you need it.
Q. Will this have an adverse effect on my credit?
A. Yes. Whenever you find yourself past due on your mortgage, your credit score will drop. But, once you are back on track it will take you only a couple of years of consistent payments to bring your credit score back to normal. There are also credit repair companies who can assist you in helping remove your past due payments from your credit. A foreclosure would remain on your credit for 7 years which in turn would have a longer more negative effect. So, this alternative actually would work best for you.
Q. Do I need to have a special type of mortgage loan for you to help me?
A. No. We specialize in out-of-court resolutions of government and non-government mortgage delinquencies or home foreclosure claims for homeowners. These can be FHA, Rural Administration, VA, Freddie Mac, Fannie Mae, or conventional loans which have become delinquent.
Q. Can you help investors who have multiple properties in foreclosure?
A. Yes, please see my blog made specifically for investors.http://activerain.com/blogsview/638216/How-to-Prevent-Foreclosure
Q. What if I find myself back in this predicament after my new loan modification takes effect?
A. In most cases, you will have a hard time working with your lender once they have agreed to modify your mortgage. This is why it's important to have experts working on your behalf so that you end up with the best, most affordable terms.
Q. What if I can no longer afford my home? Can you still help me?
A. Yes. If you are certain that you cannot afford your home any longer and wish to sell, we can help you to secure a short sale payoff or a deed-in lieu of foreclosure agreement with your lender. Often times these agreements can be arranged at low or no cost to you.
Q. What is a Short Sale?
A. The sale of property prior to foreclosure at a reduced amount. Your lender determines the outcome of your proposal. We are very successful with this procedure if your choose to go this route.
Q. How can I be a part of the foreclosure solution?
A. It's simple. Spread the word. Talk to your family and friends. Let them know there is legit help for them. Sometimes it's hard for people in these predicaments to come forth and ask for help. We even have a referral program that gives you a little incentive to put forth the effort to lend a helping hand.
Modify My Mortgage
•Types of Foreclosure: Judicial Foreclosure
•Types of Foreclosure: Non-Judicial Foreclosure
•Right of Redemption in the Case of Foreclosure
•Deficiency Judgments in Foreclosure Cases
• Note: The following is a generalized breakdown of the foreclosure process. If you're interested in finding out about foreclosure laws in your state.
Check Foreclosure Procedure For Your State
Alabama (AL), Alaska (AK), Arizona (AZ), Arkansas (AR), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL),Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Indiana (IN), Iowa (IA), Kansas (KS), Kentucky (KY), Louisiana (LA), Maine (ME),Maryland (MD), Massachusetts (MA), Michigan(MI), Minnesota (MN),Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV), New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD),Tennessee (TN), Texas (TX), Utah (UT), Vermont (VT), Virginia (VA) , Washington (WA),West Virginia (WV), Wisconsin (WI), Wyoming (WY)
• A foreclosure occurs when a property owner cannot make principal and/or interest payments on his/her loan, typically leading to the property being seized and sold.
• Loss mitigation is a set of programs set up by the government and lenders to assist homeowners threatened by foreclosure
• The foreclosure process is not very difficult to understand. There are several stages during which the homeowner has an opportunity to bring the loan current and avoid foreclosure. After about three to six months of missed payments, the lender orders a trustee to record a Notice of Default (NOD). At the County Recorder's Office. This puts the borrower on notice that he or she is facing foreclosure and starts a reinstatement period that typically runs until five days before the home is auctioned off. If the default isn't corrected (the loan must be brought current) within three months, a foreclosure sale date is established. The homeowner will receive a Notice of Sale , and this notice will also be posted on the property. In addition, the Notice of Sale is recorded at the County Recorder's Office in the county where the property is located. Finally, this Notice of Sale is also published in newspapers local to the county in question over a three-week period. The foreclosure Trustee Sale typically occurs on the steps of the county courthouse in which the property is located. The time and location of this sale are designated in the Notice of Sale. At the Trustee Sale, the property is auctioned in public to the highest bidder, who must pay the high bid price in cash, typically with a deposit up front and the remainder within 24 hours. The winner of the auction will then receive the trustee's deed to the property.
• At auction, an opening bid on the property is set by the foreclosing lender. This opening bid is usually equal to the outstanding loan balance, interest accrued, and any additional fees and attorney fees associated with the Trustee Sale. If there are no bids higher than the opening bid, the property will be purchased by the attorney conducting the sale, for the lender.
If this occurs, and the opening bid is not met, the property is deemed a REO or Real Estate Owned . This typically occurs because many of the properties up for sale at foreclosure auctions are worth less than the total amount owed to the bank or lender.
When you purchase property at a foreclosure sale, all junior liens other than property taxes are wiped out. Priority of liens is determined by the date of recording. When you purchase a REO aka. Bank REO, you will typically receive the property with a clean title.
Note: Please leave a comment if you found this helpful.
More helpful Blogs:
How to Avoid Loan Modification / Loss Mitigation Scams
Loan Modification Scams Update
Loss Mitigation Services FAQ's
Why won't my lender won't work with me?
Are you facing foreclosure, or heading in that direction due to an unexpected hardship? Give me a call and you can expect to get good honest information, advice or assistance. Or just fill out my pre-approval form and I will contact you regarding your options. Don't give up! You worked hard to own your home, now it's time to fight for it!
Loss mitigation programs were established by the federal government and the mortgage industry in order to stop home foreclosures. They help foreclosure victims in default on their mortgages to find alternatives to home foreclosure. Every homeowner's situation is unique and each lender has their own policies regarding the use of these programs to stop foreclosure. Our extensive experience and solid working relationships with mortgage lenders allows us help you avoid the common pitfalls that many homeowners encounter while trying to work things out directly with their lender. After performing a thorough assessment of your personal finances and analyzing your lender's loss mitigation policies 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 a variety of loss mitigation options:
1. LOAN MODIFICATION
(Available on a very limited number of VA loans with lender and/or investor approval) (Called Recast for FHA)
If you have incurred a long term financial hardship, our office can assist you in supplying the appropriate information to lender to take the appropriate measures to modify the term(s) of your mortgage. This could lower the interest rate and/or extend the term of the loan resulting in lower payments. There are costs and fees associated with a modification that you will be responsible for. All property taxes must be current or you must be participating in an approved payment plan with your taxing authority to be eligible for a modification. Any additional liens or mortgagees must agree to be subordinate to the first mortgage. All requests are subject to your lender's approval.
2. VA LOAN MODIFICATION/REFUNDING
(Available for VA loans only) (Need at least 30 days to process)
A refunding is when the VA buys your loan from the lender. Refunding may give VA the flexibility to consider options to help you save your home that your current lender either could not or would not consider. When the VA refunds a loan under 38 U.S.C. 36.4318, the delinquency is added to the principal balance and the loan is re-amortized. Your new loan will be non-transferable without prior approval from the Secretary. If your interest rate was lowered and an assumption is approved, the interest rate will be adjusted back to the previous rate.
3. SHORT PAYOFF
(Short Sale) (Pre-foreclosure Sale) (Compromise Of Sale)
If you have suffered a long term financial hardship and are unable to maintain your loan or if you need to sell the property to avoid a default loss on the property, it is possible that the lender may be able to accommodate you with a short payoff. A qualified buyer is required. If this is an option you wish to pursue, you must inform the loss mitigation specialist assisting you immediately. There may be tax ramifications associated with any short payoff or foreclosure; therefore, we recommend you contact your tax adviser for details. Some states permit lenders to seek a deficiency judgment for the amount the payoff was discounted. See your state's foreclosure law for more information. Check with an attorney for advice on your personal situation.
4. DEED-IN-LIEU OF FORECLOSURE
If you have incurred a long term financial hardship and your house has been on the market (at fair market value) for at least 90 days, you may be eligible for a deed-in lieu of foreclosure. To be considered for this option, you must complete a financial package and provide a copy of your recent active listing agreement. Also, there cannot be any additional claims or liens (other the mortgage) against the property. If you are approved for a deed-in-lieu, you will be giving up all rights to the property and the property will be conveyed to your investor. In exchange for the deed-in-lieu, the lender may waiver all deficiency judgment rights. You may be asked to participate in a Short Payoff program before a deed-in-lieu of foreclosure is accepted.
5. REPAYMENT PLAN
If you have incurred a short term financial hardship and your loan is two or more months past due, your loss mitigation specialist will also consider submitting a request for a payment plan to your lender for approval. Only after reviewing your financial situation will this option be considered. All clients must be able to show that they can afford this plan in order to be eligible.
6. SPECIAL FORBEARANCE
(FHA loans only) (Type I & II)
If you have incurred a short term financial hardship and your loan is 90 days to 365 days past due, the loss mitigation specialist will also consider submitting a request for a special forbearance. A special forbearance is designed to provide you with more relief than is possible with a regular repayment plan. Typical approval can result in spreading the repayment over 12 to 18 months. Type II - can be utilized in an unemployment situation whereby the promise of future employment is present. We have done VA loans that resulted 27-month repayment plans.
7. PARTIAL CLAIM
(FHA mortgages only) (Some Freddie Mac Investor loans)
The loss mitigation specialist may assist in requesting a partial claim if you qualify. You may be eligible if your loan is 120 to 365 days past due. A partial claim results in placing your past due payments into a subordinate mortgage (2nd mortgage) between you and the Secretary of Housing Urban Development. The partial claim note will require you to start making payments when you pay off the first mortgage. There is no interest. The partial claim can be for no more than 12 months of past due payments.
Loan Modification Scams Update
How The Foreclosure Process Works For Every State
Hire Attorney or Loan Modification Company
Why won't my lender won't work with me?
Choosing a Loan Modification Company
Most folks want to stay in their home, therefore, the most popular option for the distressed homeowner is loan modification. This is the process where the homeowner's mortgage is modified (changed) and both the lender and homeowner are in aggreeance with the new terms. This allows the homeowner to stay in their home and afford the new monthly payment. On the other hand, Loss mitigation allows the lender to take a less of a loss now in order to avoid a much greater loss caused by a Foreclosure, Foreclosure, Foreclosure,Foreclosure!!!!!! . Most loan modifications result in lowered interest rates, reducing the principle balance, fixing adjustable rates, stretching out the loan term, moving past due payments to the end of the loan term, or any combination of these.
Check Foreclosure Procedure For Your State
Alabama (AL), Alaska (AK), Arizona (AZ), Arkansas (AR), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL),Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Indiana (IN), Iowa (IA), Kansas (KS), Kentucky (KY), Louisiana (LA), Maine (ME),Maryland (MD), Massachusetts (MA), Michigan(MI), Minnesota (MN),Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV), New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD),Tennessee (TN), Texas (TX), Utah (UT), Vermont (VT), Virginia (VA) , Washington (WA),West Virginia (WV), Wisconsin (WI), Wyoming (WY)
I pledge to be 100% honest, diligent, and treat you with integrity.
More Useful Blogs:
Hire Attorney or Loan Modification Company
Why won't my lender won't work with me?
Choosing a Loan Modification Company
If you feel this information was useful, please feel free to comment. Do Not advertise on my Blog.
ARE YOU OR SOMEONE YOU KNOW FACING FORECLOSURE? I can help SAVE the property, work to have missed payments moved to the end of the mortgage, keep your family in the home and avoid displacement.
My service is free to distressed homeowners looking for guidance when searching for a legit loan modification company. I am appalled at the fact that so many homeowners are being taken advantage of or being ripped off by companies who portray themselves to be something that they are not. I have taken it upon myself to do this research, and find out who is the real deal. Because the fact of the matter is 75% of loan modification companies fall in the categories of either scam artists or inexperienced and misleading. Most of you in desperate need of help, are panicking and doing this sort of research is overwhelming for you. On the other hand, there are reliable Attorneys out there who have credentials. The challenge is trying to locate them. So what I have done is my own research on individual Attorneys to ensure they are established and reputable.
I have complied a handful of Attorneys and Law Firms who:
1. Are in good standing with the Bar Association
2. Are actual licensed attorneys who will be representing you and negotiating for you.
3. Have proof of success
4. Have passed my legitimacy test (scam free, and researched thoroughly through reliable resources.)
5. Have reasonable fees
6. Have the clients best interest in mind
7. Are structured and organized
8. Are in compliance with federal regulations and guidelines
9. Are helping homeowners in the State you reside in
As you can see this takes a lot of footwork and many hours to develop. Each Attorney or Law Firm is unique in their own way and offer different services and have variable fees.
What I will do is discuss with you one on one about your unique situation. I will then determine your eligibility, and will decide which one of these legit Attorney's will suit your specific needs. Once you are on board with a specific law firm, (which I will help you with) you and I will stay in contact throughout the process if you wish. I do not charge a fee to provide this information to you. I am so fed up with all of the scams, I feel it is my personal duty to stand up for the public and provide this service.
I have compiled many blogs which provide valuable information for homeowners in need of assistance. I feel consumers are entitled to ample information when making a decision that involves their most valuable asset, their home.
There are multiple Loss Mitigation companies who claim they extend their services all through out the US.Hiring an Attorney is the best, most beneficial route for homeowners to take these days. I want to help as many home owners as possible. I do not want you to become a statistic.Some of these loan mod companies claim they consist of licensed Attorneys andmost do not.
It is my job to know which attorneys are established, trusted, and reputable. Most will work with owners that are at any stage in the foreclosure process, even pre foreclosure. During the negotiation period, the owners can stillrent/sell/live in their home. The process should take 8-12 weeks depending on your personal circumstances.
******Very Important: There will be a money back guarentee with the company we choose. The terms of this will fluctuate depending on the company. This will be explained to you during your free consultation.
Even hard-working people can encounter unforeseen situations which may affect 
their ability to pay their mortgage in a timely manner. Many issues can be contributing factors such as temporary job loss, medical illness or injury, marital difficulties, unforeseen repairs or high utility rates, tenant problems, or even a death in the family. Just one of these situations can have a direct bearing on making home mortgage payments.
I realize that the situation you are in is very stressful and emotional for you. I take my time to discuss your situation with you and provide you with one on one help, and steer you in the right direction. Please do not procrastinate, it is the worst thing you can do right now. Call me now and allow me help you. My main objective is to keep you in your home.
A loan modification is designed to help youbring your mortgage payments up-to-date, and to modify your existing mortgage terms to fit with in your current budget. Using creative and often unconventional methods, all well within the Code of Federal Regulation guidelines, we fight to freeze the foreclosure process, and keep you in your home.
As a professional who understands the mortgage industry from years of experience, I know how to help you. Put my expertise into action and you could become another one of our thousands of satisfied clients. If I am unable to help you, I may have other solutions that will. Call to find out if you qualify for assistance today or visit www.keepyourproperty.info and fill out the pre-approval form. I look forward to assisting you and to helping you achieve your goals. Please call me TODAY for your free consultation!
Pre-Approval Loan Modification Application
How to Avoid Loan Modification / Loss Mitigation Scams
Loan Modification Scams Update
Loan Mitigation Services FAQ's
Why won't my lender won't work with me?
For our clients we agree to do the following:
If you are facing foreclosure, you are not alone. I can help you, and I want to help you. Just pick up the phone and call my direct line at 301-275-5196.
You will be very pleased that you chose me, Callie Thompson as your
personal one on one Case Manager.
Well, what are you waiting for? Contact me now 301-275-5196
Pre-Approval Loan Modification Application
Check Foreclosure Procedure For Your State
Alabama (AL), Alaska (AK), Arizona (AZ), Arkansas (AR), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Indiana (IN), Iowa (IA), Kansas (KS), Kentucky (KY), Louisiana (LA), Maine (ME), Maryland (MD), Massachusetts (MA), Michigan(MI), Minnesota (MN), Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV), New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Tennessee (TN), Texas (TX), Utah (UT), Vermont (VT), Virginia (VA) , Washington (WA), West Virginia (WV), Wisconsin (WI), Wyoming (WY)
I am more than happy to speak with you about your unique situation. To schedule an appointment and complete a free appliction, you can call my direct line at 301-275-5196.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2013 ActiveRain Corp. All Rights Reserved
