We understand many people want to or need to stay in their home. Maybe it makes sense to let the kids finish high school, whatever the reason a loan modification can be obtained in some cases. The problem with most loan modifications, is that they are temporary usually 2-3 years, that is why they have such a high re-default rate.
The banks have made loan modifications a hard, long and frustrating process. It can be difficult to obtain a loan modification. We understand for some people a loan mod is still your best option for your situation, so we have put together a powerful software package that allows you prepare the loan modification package with everything your lender will want to see. It is designed to help you streamline the process and deliver the most a completed package to give you the strongest negotiating position.
You may wish to speak to a Certified Advisor™ prior to submitting sensitive financial information to your lender. Some banks are selling your debt to collection firms. The more information they can provide with the file, the more collection attorney’s are willing to pay for it. There is an old legal expression that you cannot unring a bell, it is advisable to understand all your options and potential liabilities before your contact your lender.