Our success rate in getting our clients a loan modification is 94.8% because:
We make sure that all of your information is complete and in the correct format based on your particular lender’s requirements.
We have significant experience working with banks and we have developed relationships with all of the top lenders. We particularly specialize in loan modifications for Chase, US Bank, Bank of America, IndyMac, Wells Fargo, Citibank, First Horizon, OCWEN, GMAC Mortgage, Citizens Bank, HSBC, Midland, HFC and more.
We relentlessly hound the banks until we get you your modification processed.
As a law firm, we know the law and we know what the banks are willing to do, which allows us to negotiate better terms on your behalf.
Make sure you select a firm with a strong track record verified by a third party, can provide legitimate testimonials and who will fight to make sure you get the lowest rate possible.
The loan modification process starts with us collecting information about your loan, income and expenses. Our legal team reviews your responses in order to determine your eligibility at absolutely no cost to you. You are notified within 2-24 hours of your eligibility based on your lender’s guidelines. If you are eligible to proceed, our representative meets with you to complete the forms your bank requires. We analyze your documents and supporting documentation and ensure your documents meet your lender’s requirements. We prepare and submit the loan modification package to your lender. We contact your lender to ensure all paperwork was received and is in order. We continue to contact your lender until they are ready to process your paperwork, at which time we negotiate the terms of your loan modification. Throughout the process we continue to be in touch with you to keep you appraised of the status of your loan modification. Once your loan mod is approved, we ensure that you understand the new terms of your loan, and assist you with any questions that may arise.
It is definitely smart to be cautious and carefully select a reputable law firm for your modification. Your home is too important to take any chances.
There are some modification companies that provide free assistance. If you do decide to go with a firm that does not charge for their work, make sure you understand what they are and what they are not going to do for you. They will usually send you a checklist of the papers you need to send the bank and they may answer any questions you may have. Most of them will not review your paperwork to make sure it is in order. They will also not make sure the bank receives or processes the paperwork in a timely manner. They will also not negotiate with the bank on your behalf. Make sure you find out what they will and will not be doing on your behalf. Additionally, be wary of people who overpromise or offer a guarantee for a loan modification. There have been instances where people have been given a loan modification but their monthly payments actually increased.