Obama Expands Foreclosure Plan To Include Short Sale Subsidies
Hooray for Arizona! Finally, someone is making sense and creating a solution for those of us whose house values have declined so dramatically it makes it impossible for us to sell our homes! Announced by Treasury Secretary Timothy Geithner, the Obama administration is expanding its 75 billion dollar Making Homes Affordable plan to include additional financial incentives to lenders willing to help homeowners unload their properties at a loss when they owe much more than the present-day value of their homes. The plan focuses on short sales and deed-in-lieu transactions as a way for homeowners to get rid of their homes due to the fact that they don’t qualify for the loan modification or refinance part of the Making Homes Affordable plan. The loan modification experts at AdjustMYLOAN.com think this is fantastic seeing how almost 40% of homeowners in Arizona are underwater and have no way of getting out of their properties. Cody Sperber, a manager at www.adjustMYLOAN.com has been negotiating short sales for four years now and has completed hundreds and hundreds of short sales over his career. “One of the biggest problems a Realtor experiences when negotiating a short sale is the fact that it takes so long. It is extremely frustrating to spend 40-50 hours negotiating only to have your buyers back out due to the fact that they found a better deal during the 4-6 months it took to get an answer from the lender(s)” says Sperber. This plan seems to address this exact problem and hopefully many lenders will participate in the program and speed things up! Below is the Arizona Republics article about the plans expansion:
Relief expanded for struggling homeowners
New U.S. programs to help those too far underwater to sell
Kevin G. Hall - May. 15, 2009 12:00 AM McClatchy Newspapers
WASHINGTON - The Obama administration unveiled new programs Thursday designed to make it easier for homeowners who owe far more than their houses are now worth to sell those homes at a loss and have their remaining debt forgiven.
The programs, announced by Treasury Secretary Timothy Geithner, are the latest additions to Making Home Affordable, an evolving $75 billion plan that tries to break the national housing crisis into separate pieces, attacking the problem on several fronts.
The first two legs of the program sought to help borrowers refinance into today’s low mortgage rates, or if they’re behind on payments, to seek loan modificationsto avoid foreclosure.
President Barack Obama described these steps at a town-hall meeting in Albuquerque on Thursday: “The bank has to lose a little bit of money on what they were expecting on principal and interest. On the other hand, the homeowner, if they make this agreement with the bank, they’ve got to agree that when prices start going up again, they give up a little bit of equity to repay the bank. But either way, everybody is better off, including the community, if people stay in their homes.”
Thursday’s announcements address situations in which borrowers can’t qualify for either of those programs and are at risk of losing their homes. The administration will now provide additional financial incentives to lenders willing to help homeowners unload their properties at a loss when they owe much more than the present-day value of their homes.
The incentives apply to lenders who agree to allow homeowners to conduct short sales or deed-in-lieu transactions instead of going into foreclosure and dragging down prices for neighbors and adding to the already large national inventory of empty homes.
In a short sale, borrowers sell their home at current market value and all proceeds go to the lender. The homeowner is then no longer responsible for the difference between what is owed and the home’s sale price. There’s still a hit to a borrower’s credit rating but not as damaging as it would be in a foreclosure.
When there are no buyers, lenders sometimes accept a deal in which the borrower transfers ownership of the property to the loan servicer, who acts as a bill collector for investors who own pools of U.S. mortgages. This sort of deal is shorthanded as a deed-in-lieu of foreclosure, or deed-in-lieu.
Under the new plan, servicers will receive compensation of up to $1,000 per short saleor deed-in-lieu transfer accepted. As an incentive to avoid foreclosure, borrowers could be paid up to $1,500 in relocation expenses. Because many homes have second mortgages, the Treasury will pay lenders up to $1,000 to accept the deals instead of going to foreclosure.
Borrowers will get 90 days to achieve a short sale and must list it with a licensed real-estate agent. Borrowers in areas of severe market downturn - such as Arizona, California, Nevada and Florida - will get up to a year to reach a short sale. After that, deed-in-lieu transfers occur.
To discourage borrowers from simply unloading their homes, they must first be deemed unable to get a loan modification. The program is voluntary for most lenders but mandatory for banks that received taxpayer-bailout money.
For homeowners in states where home prices have fallen sharply, the administration also rolled out Thursday a complex insurance program that will protect lenders from further home-price declines when they are willing to modify loans. That program is capped at $10 billion.
The cost of all these new programs will be paid from a $50 billion pool of taxpayer bailout money set aside to address the housing crisis.
Experts welcomed Thursday’s initiative.
“We have heard from Realtors that the extensive delay in the short-sale process had caused many buyers to go elsewhere and have left many would-be sellers with no option but foreclosure,” Charles McMillan, a Dallas Realtor and president of the National Association of Realtors, said in a statement. “We are all pleased that the government has stepped in to help homeowners and those wishing to buy a home.”
Rick Sharga, senior vice president of RealtyTrac, a foreclosure-research firm in Irvine, Calif., said the effort will face hurdles, however.
“A lot of the investor-owned loans have (private mortgage) insurance. From the investors’ perspective, they’re going to be better off foreclosing, collecting the insurance, then disposing of the property,” he said. “Short sales, unfortunately, are a 20th-century solution to a 21st-century problem.”
RealtyTrac publishes widely cited foreclosure statistics. Its latest findings, as of April, showed more than 1 million property owners currently in foreclosure proceedings.
“It’s actually a fraction of what’s out there, and that doesn’t even get to the seriously delinquent loans that aren’t in foreclosure,” Sharga said.
The deed-in-lieu may prove more successful, he said, because some areas with severe home-price drops have many homeowners who owe significantly more than their homes are worth.
If you are interested in seeing if you qualify for any of the Making Homes Affordable options, give our loss mitigation experts a call at 1-800-557-7573 and get a FREE CONSULTATION today!
Foreclosures Rise First Quarter 2009: Loan Modification Is A Solution!
Below is an article talking about how the foreclosure rate has surged in the first quarter of 2009. The temporary foreclosure halt of most major lenders, as well as Fannie and Freddie Mac at the end of last year is now over. More and more foreclosures are being filed and every homeowner in trouble of paying their mortgage payment is wanting to know whether or not the Obama “Making Homes Affordable” plan is going to help save their home! The stressful situation they are in is not uncommon and even though the government preaches to call the lender and work out a modification yourself sounds like the politically correct thing to say, it is not that easy to navigate the maze of automated phone systems and outsourced customer service centers that your lenders utilize. Getting professional help is a great option that way you can focus on making more money and spending time with your family and not worrying about negotiating with your lender(s)!
The Loan Modification Experts at adjustmyloan.com have negotiated hundreds of loan modifications and short sales for homeowners over the last few years. We are highly educated, loss mitigation specialists that have the training, systems, and energy to go after your lenders to get you the best loan terms possible. Trust, integrity, and honor are the core beliefs of our company and every one of our employees puts the customer’s needs first which is easy to see from the first conversation you have with our experts. We invite you to call us at 1-800-557-7573 and get a FREE LOAN MODIFICATION CONSULTATION from one of our loan mod consultants today.
The Following Article Was Taken From MSNBC.MSN.COM
Foreclosure actions surge in the first quarter
Upcoming big unknown: Will Obama mortgage relief help reverse trend?
WASHINGTON - The number of American households threatened with losing their homes grew 24 percent in the first three months of this year and is poised to rise further as major lenders restart foreclosures after a temporary break, according to data released Thursday.
The big unknown for the coming months, however, is President Barack Obama’s plan to help up to 9 million borrowers avoid foreclosure through refinanced mortgages or modified loans. The Obama administration expects its plans to make a big dent in the foreclosure crisis. But it remains to be seen whether the lending industry will fully embrace it, despite $75 billion in incentive payments.
The faltering economy is causing the housing crisis to spread. Nationwide, nearly 804,000 homes received at least one foreclosure-related notice from January through March, up from about 650,000 in the same time period a year earlier, according to RealtyTrac Inc., a foreclosure listing firm.
In March, more than 340,000 properties were affected, up 17 percent from February and 46 percent from a year earlier.
Foreclosures “came back with a vengeance” last month and are likely to keep rising, said Rick Sharga, RealtyTrac’s senior vice president for marketing.
Nearly 191,000 properties completed the foreclosure process and were repossessed by banks in the quarter. While the number was down 13 percent from the fourth quarter of last year, it is expected to rise through the summer and then possibly taper off.
Fannie Mae and Freddie Mac, the big mortgage finance companies, together with many banks had temporarily halted foreclosures in advance of Obama’s plan. Now armed with the details about which borrowers can qualify, the mortgage industry has begun foreclosing on ineligible borrowers.
The Treasury Department has signed contracts with six big loan servicing companies - including Citgroup, Wells Fargo and JPMorgan Chase. Many have already started processing loans as part of the government’s “Making Home Affordable” plan.
“We need to get the long-term solutions for these folks,” Shaun Donovan, Obama’s housing secretary, said in an interview.
In the coming months, Donovan said, there are still likely to be increased foreclosures, especially from vacant houses, second homes and those owned by speculators. None of those properties will qualify for a loan modification. However, he remained optimistic that overall foreclosures could start to decrease this summer.
But even industry executives who emphatically support the plan emphasize that it’s success isn’t guaranteed.
“The effectiveness of the plan overall obviously is going to depend on the level of industry participation,” said Paul Koches, general counsel of Ocwen Financial, which collects loan payments on subprime loans.
Many borrowers and consumer groups claim the modifications offered by the lending industry don’t do enough to help cash-strapped homeowners, despite more than a year of public prodding from regulators. Fewer than half of loan modifications made at the end of last year actually reduced borrowers’ payments by more than 10 percent, data released last month show.
Plus, the lending industry has been swamped by the unprecedented wave of calls from distressed borrowers. “You can’t wave a magic wand and make the loans suddenly modified,” Sharga said. “They’re all individual transactions.”
In RealtyTrac’s report, Nevada, Arizona, California and Florida had the nation’s top foreclosure rates. In Nevada, one in every 27 homes received a foreclosure filing, while the number was one in every 54 in Arizona. Rounding out the top 10 were Illinois, Michigan, Georgia, Idaho, Utah and Oregon.
Wachovia Loan Modification, Loss Mitigation Negotiation Service
FREE CONSULTATIONS AND NO UPFRONT FEE’S
AdjustMyLoan.com Has Perfected The Wachovia Loan Modification Process And Gets The Job Done
AdjustMyLoan.com, a National Loss Mitigation Company, has acquired the specific criteria and documentation to accelerate loan modification requests for mortgages serviced by Wachovia Home Loans and its subsidiaries. In an effort to stem the housing crisis, AdjustMyLoan.com is providing a specialized service to homeowners in default or facing foreclosure through Wachovia’s “Making Home Affordable Program”. Many homeowners who are struggling to pay their high monthly mortgage payment may qualify for one of Wachovia’s Loan Modification programs and lower their monthly mortgage payment dramatically!
Following President Obama’s Homeowner Affordability and Stability Plan introduced March 4, 2009, AdjustMyLoan.com and Wachovia aim to lower monthly mortgage payments to 31-38% of a given borrower’s gross monthly income. This decrease of interest rate is only the first step and we have successfully completed Wachovia Loan Modifications with interest rate reductions, term extensions, as well as the infamous principal balance reductions many believe are impossible to achieve! The loan modification experts at Adjust MyLoan have the proof that they can and will help you with your Wachovia loan modification needs.
For Wachovia borrowers who are currently delinquent or struggling to keep current, you may be eligible for the “Home Affordable Modification” on your current loan. Additionally, Wachovia has extended the foreclosure moratorium to give at-risk customers time to explore the new solutions in the Administration’s plan.
If you have an unaffordable home loan from Wachovia (owned by Wells Fargo), then it is time to learn about your options. Wachovia Loan modifications, which typically involve an adjustment to the interest rate, principal balance, arrearages, and term of an existing mortgage loan, are the preferred method for dealing with the housing crisis. By obtaining the tools to fast-track loan modifications with Wachovia, AdjustMyLoan.com offers a comprehensive plan to help Wachovia homeowners save their homes from foreclosure, bring loans current, and insure that on-time payments will continue for the life of the loan. Further, AdjustMyLoan.com is wiping out late payments and late fees through their negotiation efforts. Imagine being 3,4,5, or even 6 months or more behind and getting the Loan Modification Help you have been searching for to save your home from foreclosure! It is possible and we can show you proof that AdjustMyLoan.com’s system is working to help those that need Wachovia mortgage help.
Homeowners Will Need To Gather The Following:
Bank Correspondence / Foreclosure Notices
Hardship Letter Explaining Your Circumstances And Why You Must Modify Your Loan (must be signed by borrower)
2 Most Recent Mortgage Statements For Each Loan
2 Months Bank Statements For All Borrowers (12 Months If Self Employed)
2 Months Pay-Stubs For All Borrowers
2 Years Tax Returns Including W2’s, 1099’s And All Schedules For All Borrowers
Insurance Information (agent name, company, address, phone, email and policy number)
Any Documents To Verify Hardship (Death Certificate, Medical Bills, Divorce Paperwork ETC)
Then You Need To:
Contact a loan modification expert at AdjustMyLoan.com to pre-qualify for one of our streamlined programs. Our qualification takes only a few minutes and once qualified, rest assured AML is going to fight relentlessly to get you the best loan terms possible.
For more comprehensive information about options available to homeowners facing financial difficulties, please visit AdjustMyLoan.com and check out the loan mod learning center and blog post. There you will find the most up-to-date information on Wachovia’s “Making Home Affordable Program”, the Homeowner Affordability and Stability Plan, and the latest financials news and tips.
Wells Fargo Loan Modification, Loss Mitigation Negotiation Service
FREE CONSULTATION AND NO UPFRONT FEE’S
FOR IMMEDIATE RELEASE
AdjustMyLoan.com Has Streamlined the Loan Modification Process for Wells Fargo Customers
AdjustMyLoan.com, an attorney based loan modification company based in Phoenix, Arizona, has been successfully processing loan modification requests for Wells Fargo customers since April of 2008. Going in line with President Obama’s Homeowner Affordability and Stability Plan introduced March 4, 2009, AdjustMyLoan.com and Wells Fargo have now developed and implemented a fast-track process toward home-centered financial security with AdjustMyLoan.com’s Wells Fargo Loan Modification Program.
For Wells Fargo borrowers who are currently delinquent or struggling to keep current, AdjustMyLoan.com has developed a specialized service to provide sound solutions to distressed Wells Fargo mortgages. By offering a combination of adjustments to the interest rate, principal balance, arrearages, and term of an existing mortgage loan, AdjustMyLoan.com and Wells Fargo aim to bring loans current and insure borrowers can afford their mortgage payments for the life of the loan.
Loan Modifications are the preferred method for dealing with the housing crisis. Our streamlined process is designed to expedite the loan modification process with Wells Fargo and our professional loan modification negotiators handle the entire loan mod process from start to finish so you can focus on making money and spending time with your family! AdjustMyLoan.com now offers an exclusive comprehensive plan to help Wells Fargo homeowners save their homes from foreclosure.
Homeowners Will Need To Gather The Following:
Bank Correspondence / Foreclosure Notices
Hardship Letter Explaining Your Circumstances And Why You Must Modify Your Loan (must be signed by borrower)
2 Most Recent Mortgage Statements For Each Loan
2 Months Bank Statements For All Borrowers (12 Months If Self Employed)
2 Months Pay-Stubs For All Borrowers
2 Years Tax Returns Including W2’s, 1099’s And All Schedules For All Borrowers
Insurance Information (agent name, company, address, phone, email and policy number)
Any Documents To Verify Hardship (Death Certificate, Medical Bills, Divorce Paperwork ETC)
Then You Need To:
Contact a loan modification expert at AdjustMyLoan.com to pre-qualify for one of our streamlined programs. Our qualification takes only a few minutes and once qualified, rest assured AML is going to fight relentlessly to get you the best loan terms possible.
For more comprehensive information about options available to homeowners facing financial difficulties, please visit AdjustMyLoan.com and check out the loan mod learning center and blog post. There you will find the most up-to-date information on Wells Fargo’s many repayment and loan modification options and the latest financial news and tips.
Details of President Obama’s stop foreclosure plan “Making Homes Affordable” was released yesterday (March 4th, 2009) and so begins the journey of Government Assisted Loan Modifications! At www.AdjustMyLoan.com we have always been a fan of the Government subsidizing lenders, servicers, and investors for completing loan modifications and think this is a step in the right direction but is it enough? Below we outline some facts of the new plan as well as give you a quick video to watch. About 7-9 million struggling homeowners should qualify for help according to the plan but in won’t help many in states like Arizona, Florida, and California where home prices have declined so much that homeowners are underwater over and above the plans 105% qualifying mark. Also, one noticeable missing piece is a subsidized “Principal Balance Reduction” measure that would reset home values to current market rates! Maybe the future bankruptcy “Cram down” legislation that is trying to get passed right now will force lenders to enact voluntary programs to write down negative equity!
HOMEOWNERS BEWARE…even though this plan is subsidized by the Federal Government it is not a forced program. Lenders can choose to work within the guidelines of the plan or not so remember that your bank still has their best interest at heart and not yours. They could still put you into a loan modification program that does not necessarily have the best loan terms available. By educating yourself on your options or getting professional representation you could walk away with a much better Loan Modification than if you just call your lender directly without first devising a plan.
Now let’s talk about loan modifications:
How Will The Modification Part Of The Plan Work?
In summary, participating servicers will (in order):
•Determine that a loan meets the minimum eligibility criteria (owner occupied, originated before January 1, 2009, UPB equal to or less than $729,750). If yes:
•Obtain sufficient income information to determine if the borrower has a front-end debt-to-income (DTI) ratio of 31%or greater (verbal income may be accepted for initial evaluation subject to verification prior to final approval). If yes:
•Capitalize (add to the loan amount) accrued interest, past due taxes and insurance, delinquency charges paid to third parties (e.g., for inspecting the property), and escrow advances by the servicer - but not late fees or other default fees charged by the servicer;
•Determine how much of an interest rate reduction is required to get the borrower’s mortgage payment to 31% DTI, and if the DTI still exceeds 31% at the rate floor of 2%, modify the loan in other respects specified in the Guidelines;
•Apply a Net Present Value (NPV) test to determine if modification (including the incentive payments) provides the investor with a better financial outcome than foreclosure. If yes:
•Put the borrower on a trial modification at the new interest rate and payment for three months.
•If the borrower is current at the end of the trial modification period, the servicer will execute a modification agreement that includes escrows for taxes and insurance even if the prior loan was not escrowed.
At AdjustMyLoan.com it is business as usual. We are helping more and more homeowners negotiate a reasonable loan modification with their lenders and continue the fight to save as many homes as possible from foreclosure. Many homeowners have questions about this new plan but only time will tell if it really works or not. At the end of the day, it still is a voluntary plan that only affects mainly Fannie and Freddie loans and has strict qualifying measures that could bog down the program. If you are a homeowner trying to navigate your way towards a loan modification, please call our Loan Modification Expertsat 1-800-557-7573 and recieve a FREE LOAN MODIFICATION CONSULTATION.
14. Home Loan Services, Inc. (d/b/a First Franklin Loan Services & NationPoint Loan Services)
800-500-5022
https://www.viewmyloan.com , www.nationpoint.com
Above are the majority of major lenders we are negotiating Loan Modifications with. As more and more lenders realize that Loan Modifications are the solution to their deepening default rate, we are able to help more and more homeowners avoid foreclosure. Even if you do not see your lender’s name on this list, more than likely we have worked with them and can help you lower your monthly mortgage payment with a Loan Modification. For a FREE LOAN MODIFICATION CONSULTATION call:
AdjustMyLoan.com Specializes In Countrywide Loan Modifications! Get The Professional Help You Deserve…Call AdjustMyLoan.com Today!
Countrywide Home Loans might just be the worst servicer in America!!! YES THEY ARE DOING WORKOUTS….NO THEY ARE NOT AS EASY TO GET AS YOU MIGHT THINK! If you are struggling to make your monthly mortgage payments, and you have a Countrywide home loan, then call the Arizona Loan Modification Experts at AdjustMyLoan.com and get a Countrywide Loan Modification done today. Dealing with a large lender such as Countrywide Financial can be frustrating and time consuming. While Countrywide is offering loan work out plans to many of it’s distressed homeowners, not everyone will qualify. Take a second and educate yourself on what a lender like Countrywide is looking for and what documentation you will need when requesting a Countrywide Loan Modification.
First, realize that when you initially call your lender you are going to be speaking with an employee that has zero ability to help you in any way except regurgitate information! Stay calm no matter what they tell and keep pressing the fact that you are no longer able to make your mortgage payments and need to qualify for a workout / loan modification. Ask them to send you out the necessary documentation you will need to fill out and DO NOT GIVE THEM FINANCIALS OVER THE PHONE AT THIS TIME. You want to take some time and develop a strategy that will support your loan modification request and if you start giving them information this soon, you might shoot yourself in the foot and get denied a loan mod because you make too much money!
Second, gather the following documentation you will need to support your case:
Paycheck Stubs (at least 2)
Tax Returns (2 years)
Recent Bank Statements
Write A Hardship Letter Explaining Your Situation (see link for examples)
Any Documents That Support Your Case Such As Death Certificates, Medical Bills, Lawsuit Paperwork etc.
You need the above documents to support your request and are part of a Countrywide Loan Modification package. By creating a complete professional looking proposal, you are making the home retention negotiators job easier and they will be more likely to work with you if you try and do this on your own!
Third, decide if you have the time - energy - and skill set to deal with your own Countrywide Loan Modification. If you do, fill out the forms the bank sends you and try and negotiate it yourself. But if your like most people, you will want to hire a professional representative with real negotiation experience to help you get the best loan terms possible. They layers of beurocratic bullcrap as well as the fact that Countrywide is mainly a Servicer for investors on Wallstreet make the negotiation process difficult, time consuming, and most of all…FRUSTRATING.
AdjustMyLoan.com has hired negotiators directly from Countrywide’s Loan Modification department. We figured if we wanted to get the job done right, hire directly from the lenders you are trying to negotiate with! 1,2,3,4,5,6,7…. The list keeps getting bigger of Countrywide Loan Modifications we keep getting done because we understand their process, we know what they are looking for, and yes, we DO HAVE INSIDE CONTACTS AT THE HOME RETENTION DEPARTMENT!
In Arizona, 13,000 homeowners will be receiving a letter from Countrywide offering a loan modification because our great foreclosure fighting Attorney General Terry Goddard who helped spearhead a settlement that uncovered Countrywides deceptive lending practices! If your one of the 13,000, then you should send Terry Goddard some flowers and a thank you card…if your not, you should call AdjustMyLoan.com and get some professional help.
AdjustMyLoan.com is a national loan modification company based out of Phoenix, Arizona. Our professional Countrywide Loan Modification Experts can help you audit, package, propose, and negotiate a Countrywide Loan Modification today. Call our toll free number 1-800-557-7573today and receive a FREE COUNTRYWIDE LOAN MODIFICATION CONSULTATION.
Below are a few advantages of a Loan Modification, as well as general qualifications to get accepted in a Loan Modification Program. We put this list of Loan Modification Informationtogether to help you understand what most banks are looking for before they choose to proceed with a work-out plan! If you are considering conducting a Loan Modification, www.AdjustMyLoan.com would love to earn your business. We offer FREE LOAN MODIFICATION CONSULTATIONS and can let you know quickly if we think their is a solution to your housing problem. Call our toll free phone number 1-800-557-7573 today and get the professional help you deserve.
PROFESSIONAL LOAN MODIFICATION COMPANY ADJUSTMYLOAN.COM ADDS BILLBOARD ADVERTISING TO ITS MARKETING PORTFOLIO!
From Radio (KFNN tuesdays from 12-1pm), online video’s, AdjustMyLoan.com website’s, to LOAN MODIFICATION Billboards, AdjustMyLoan.com is truly a PROFESSIONAL LOAN MODIFICATION COMPANY that wants to earn your business. We spend thousands of dollars each month to spread the word that LOAN MODIFICATIONS can help you lower your monthly mortgage payment, AVOID FORECLOSURE, and keep you in your home! Our LOAN MODIFICATION EXPERTS can audit, package, propose, and negotiate a LOAN MODIFICATION on your behalf…AND WE DO NOT CHARGE YOU ANY EXPENSIVE UPFRONT RETAINER FEE’S!!!
BEWARE: THERE ARE MANY “FLY-BY-NIGHT” LOAN MODIFICATION FIRMS POPPING UP ALL OVER ARIZONA TRYING TO CHARGE YOU HUGE UPFRONT RETAINER FEE’S. THESE COMPANIES ARE NOTHING MORE THAN AMBULANCE CHASING ATTORNEY’S OR EX-LOAN OFFICERS THAT CANNOT HACK IT IN TODAYS REAL ESTATE MARKET! DO NOT GET STUCK PAYING THESE HUGE UPFRONT FEE’S WHEN YOU COULD CALL ADJUSTMYLOAN.COM AND GET BETTER SERVICE WITH NO UPFRONT FEES!
For a FREE LOAN MODIFICATION CONSUTLATION call 1-800-557-7573 (toll free) or 480-968-5626 (local).
WOW, First off, we want to say it is amazing at the number of “Fly by Night” Loan Modification Companies we are seeing popping up everywhere! It is sad that homeowners are going to be bombarded with “Foreclosure Consulting” companies who promise to “Modify” their note for an upfront fee. BEWARE OF ANY LOAN MODIFICATION COMPANY TRYING TO CHARGE YOU A LARGE UPFRONT FEE FOR THEIR SERVICES! AdjustMyLoan.com offers FREE LOAN MODIFICATION CONSULTATIONS AND DOES NOT CHARGE ANY UPFRONT FEE’S.
So, how can you tell the reputable Loan Modification Companies from the bad Loan Modification Companies? Research! Any reputable Loan Mod Company should give you easy access to learn about their company, employees, and background. Many of these “Knock-Off” Loan Mod Agencies are nothing more than loan officers and brokers that couldn’t hack it in the loan industry any more and are jumping over to the loan modification industry so they can make a quick buck. These are the same people that put you in the loan that got you in trouble…why would anyone want to go back to these same people for help???
At AdjustMyLoan.com, we believe in transparency. Any potential client of ours gets a “Worry-Free Guarantee” when dealing with us. First, we have an amazing staff of highly educated and skilled employees that consist of a Paralegal that manages our Loan Mod Negotiation department, highly trained Loan Modification Negotiators, Loan Modification Processors, customer relationship agents, a compliance officers who double checks all of our paperwork, and a trained real estate Attorney who conducts Forensic Loan Audits to uncover any Predatory Lending Violations that may have occured durring loan origination! Second, WE CHARGE NO UPFRONT FEES, offer a Money-Back Guarantee, and only get paid if we complete a Loan Modification on your behalf. Third, we have an on-line database system that allows you to log in and see the status / notes on your loan modification file. Fourth, we are brick and mortar…located in downtown Phoenix, Arizona in a building we own (were not going anywhere). Fifth, we are members of the Better Business Bureau, D&B, and Privacy Guard so you can verify our business ethics. Lastly, we have many testimonials and referrals for you to verify our ability to get the job done.
Oh, and we also put everything we say we are going to do in writing, have a 3 day rescission period just in case you change your mind (you get all your money and paperwork back), and offer free advice how to handle your own loan modification on our website.
OUR FREE LOAN MODIFICATION CONSULTATION TAKES ABOUT 15 MINUTES AND COULD CHANGE YOUR LIFE! Imagine lowering your monthly mortgage payments and freeing up cash flow to pay off your other bills. Once you get pre-qualified with us, we will help you complete a full application, gather the necessary documentation your lender(s) will require, then we take over from there. We do all the work, and you enjoy all the benefits!
LOAN MODIFICATION PROGRAMS, SERVICE, AND ADVICE- That is what AdjustMyLoan.com offers our clients! If you are interested in learning more, please visit our Loan Modification Website or call us today!
We believe that our experience and relationships with most major lenders, as well as the fact that we conduct Forensic Loan Audits on every qualified file by a trained real estate Attorney gives us a strategic advantage over our competition! Call us today and take advantage of our FREE LOAN MODIFICATION CONSULTATION!
