What a Loan Modification is NOT!
A loan modification is NOT a negotiated process. It is based off of a simple mathematical formula to calculate debt ratio. This formula, based off income and expenses, determines whether or not the modification is approved and if the interest rate will be reduced, lowering the payment. A modification company can not influence or negotiate the modification because they cannot change the mathematical formula.
Like anything else, you can do the modification process yourself if you have the knowledge and the right tools, we have those tools, knowledge and most of all the time and our time tested procedures have resulted in success for our clients, at a fraction of the cost of other modification companies.
Let our successful and experienced team of consultants, help you and/or your client prepare the necessary and sometime confusing paperwork necessary for mortgage loans concerns! This is the first step:
If you're not getting the professional service and answers you want we, welcome the opportunity to assist you with your mortgage needs.
Solutions4Resolution
Administrative Processing Consultants
We can help you live the life you deserve with house payment you can afford
Website: http://solutions4resolution.com
E-mail : info@solutions4resolutions.com
Thursday, February 18, 2010
Friday, February 12, 2010
6 Reason for a Loan Modification
There are six top reasons that a loan modification will work for you. If any of these apply to your current situation than you are a definite candidate for a mortgage modification. The six top reasons are as follows;
Currently Facing Foreclosure
Inability to refinance due to loss of equity,
Owing more than your home is worth
Trustee Sale Date Scheduled
Inability to refinance
Suffered a Financial hardship (job loss, pay reduction, medical bills, divorce, etc)
If any of the above reasons apply to your current situation than you need to attempt a loan modification. You can try it on your own, but I must caution you, only 20% of homeowner submitted loan modifications are successful. This is mostly due to homeowners submitting incomplete loan modification packages.
Another reason for this lack of success is that the homeowner must spend several hours navigating through the phone tree, re-telling their story over and over again. This can be very discouraging and the homeowner must call during normal business hours, usually 9am-6pm, while they are trying to make the money to keep their home. Normally this is not accomplished with one call (in fact we have yet to see that happen).
There is constant follow up involved and we keep track of any information and make sure that the servicer get's what they want. We make sure you are a file on the desk not a fax on the floor.
Company's like Solutions4Resolution are able to navigate through systems of phone trees and customer service representative without emotion and get right to the decision maker with speed and efficiency. And when the clock is ticking, that is exactly what is needed.
Can us today and let us help you lower your house payments so you can live the life you deserve!
Currently Facing Foreclosure
Inability to refinance due to loss of equity,
Owing more than your home is worth
Trustee Sale Date Scheduled
Inability to refinance
Suffered a Financial hardship (job loss, pay reduction, medical bills, divorce, etc)
If any of the above reasons apply to your current situation than you need to attempt a loan modification. You can try it on your own, but I must caution you, only 20% of homeowner submitted loan modifications are successful. This is mostly due to homeowners submitting incomplete loan modification packages.
Another reason for this lack of success is that the homeowner must spend several hours navigating through the phone tree, re-telling their story over and over again. This can be very discouraging and the homeowner must call during normal business hours, usually 9am-6pm, while they are trying to make the money to keep their home. Normally this is not accomplished with one call (in fact we have yet to see that happen).
There is constant follow up involved and we keep track of any information and make sure that the servicer get's what they want. We make sure you are a file on the desk not a fax on the floor.
Company's like Solutions4Resolution are able to navigate through systems of phone trees and customer service representative without emotion and get right to the decision maker with speed and efficiency. And when the clock is ticking, that is exactly what is needed.
Can us today and let us help you lower your house payments so you can live the life you deserve!
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