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What is Mortgage Modification?
Mortgage modification is a process whereby a homeowner's mortgage is modified and both lender and homeowner are bound by the new terms.
The most common mortgage modifications are:
1. Lowering the Interest Rate
2. Reducing the Principal Balance
3. Fixing Adjustable Interest Rates
4. Increasing the Loan Term
5. Forgiveness of Payment Defaults & Fees
6. Any Combination of These
The result of our loan modification efforts is a more manageable mortgage payment for you. HomeSolutionsUSA's Mortgage Modification specialists can help you determine the best modification option for your unique situation. Please complete our form for a Free Loan Modification Evaluation. It is critical that you begin working with us immediately to keep your options open. The longer you wait, the fewer options you may have.
- Have you tried to refinance only to be denied?
- Do you have an adjustable rate that is too expensive?
- Are you in foreclosure?
- Have you missed payments and can’t catch up?
- Have you been denied for a modification in the past?
- Do you have bad credit?
- Do you have little or no equity in your home?
- Can you no longer afford your mortgage payment?
Our experienced loan modification team will create a detailed financial analysis of your individual situation. We will mitigate on your behalf and demonstrate to your lender the only option is to give you a lower monthly mortgage payment, wipeout late payments and stop the foreclosure process. We have been very successful in helping homeowners like you obtain an affordable mortgage payment, allowing them to keep their homes for years to come. Learn More
At Home Solutions USA, we treat our clients with courtesy and integrity. We guarantee realistic, honest financial advice that achieves results. We will lead you on a course to financial strength. Our years of experience and notable expertise ensure that your financial future is in good hands. Our consistent track record of uncompromising ethics instills confidence and trust. We use cutting edge technologies to ensure up to the minute information from the financial world. This allows us to respond quickly, and give you the most relevant information and perspective. We utilize a cutting edge software program that is licensed and registered with HUD to get your modification approved as fast as possible. We can normally get your 3-month trial modification approval expedited within 6-8 weeks! No one does it better or faster than us!
What We Do For YOU!
- Notify the lender you are represented by Home Solutions USA and our law team.
- Complete a financial analysis of your situation
- Prepare a case to present to your lender
- Help you create an effective hardship letter
- Prepare a property value report
- Present your package to your lender
- Negotiate a lower payment
- Provide a modification agreement
Apply Now!
Loan Modification Programs
Foreclosure Stops Here
At HomeSolutionsUSA.com, we offer a variety of loan modification programs to best suit your needs as a borrower. Depending on your unique situation, we may recommend one or more of the options detailed below. Please complete our form so that we can help you save your home.
Loan Modification
Loan Modification is a process whereby a homeowner's mortgage is modified and both lender and homeowner are bound by the new terms. Once you fill out the application, we begin negotiating with your lender under predefined Loan Modification criteria. It is critical that you begin working with us immediately! The more time you give us the better.
Short Sale
A short sale is a process whereby a lender reduces the principal balance of a homeowner's mortgage in order to permit the homeowner to sell the home for the actual market value of the home. This specifically applies to homeowners that owe more on their mortgage than the property is worth. Our team truly shines in this process. Our specialists utilize decades of real estate experience to process your Short Sale with the absolute fastest and best results for you the homeowner. We expedite with our inside bank contacts at virtually every bank. Our law team expedites over 50 short sales a month across the U.S.
Short Refinance
A Short Refinance is a process whereby a lender reduces the principal balance of a homeowner's mortgage in order to permit the homeowner to refinance with a new lender. The reduction in principal is designed to meet the Loan-to-value guidelines of the new lender (which makes refinancing possible).
Deed-In-Lieu of Foreclosure
A Deed-In-Lieu of Foreclosure is an instrument in which the borrower gives all interest in a property to the lender to satisfy a loan. You must turn over all ownership rights and abandon the property in this case.
Cash-for-keys negotiation
Cash–for-keys negotiation is a variation of the deed in lieu of foreclosure. The difference is that the lender will actually pay the homeowner to vacate the home in a timely fashion without destroying the property. The lender does this to avoid incurring the additional expenses involved in evicting such homeowners.
Repayment Plan / Forbearance
Forbearance is a special agreement between the lender and the borrower in order to delay or prevent foreclosure. According to this agreement, the lender delays his right to exercise foreclosure if the borrower could catch-up his payment schedule in a certain amount of time. This time-period and the payment plan depend on the details of the agreement which are accepted by both of the parties involved.
Partial Claim
Under the Partial Claim option, a lender will advance funds on behalf of a borrower in an amount necessary to reinstate a delinquent loan (not to exceed the equivalent of 12 months PITI). The borrower will execute a promissory note and subordinate mortgage payable to United States Department of Housing and Urban Development (HUD). Currently, these promissory or "Partial Claim" notes assess no interest and are not due and payable until the mortgagor either pays off the first mortgage or no longer owns the property.
Mortgage Modification Companies - Home Solutions USA is the one of the best Mortgage modification company who provides various services like mortgage modification, loan modification, debt settlement...etc |
