Loan modification companies and lawyers, charging outrageous fees, are all competing for your business. They will GUARANTEE results, claim to have personal relationships with the banks, and make impossible promises IF you pay the thousands of dollars for their services. Loan Modifications DO take a great deal or work to process. But why pay the high service fees if you can get it all done for FREE!!!
LOAN MODIFICATION
Get Informed Understand the Process
The government along with banking institutions have been working diligently to determine the best overall solution for consumers while still managing to salvage the banking industry. Lenders have pre-established guidelines to determine whether or not an individual qualifies; so the majority of the time, regardless of who is helping you, the outcome is the same. Your mortgage company is not the enemy, but they will attempt to negotiate the terms in their favor. We strongly suggest you entrust in someone who understands the guidelines of your bank and your situation to help you negotiate the best possible modification.
Nonprofit Services vs. the Other Guy
The best available resource is your local non-profit agency. They are an honest unbiased source of information. The first step is to consult with a housing counselor to determine whether or not you are eligible and allow them to help you organize a thorough submission package. Rest assured your local not profit works with all major lenders and may even have relationships with their loss mitigation center. This does not mean that your file will receive special privileges; however, non-profit agencies are recognized as a neutral 3rd party. As such, they may receive less resistance than for-profit companies. Considering your financial hardship, these FREE services may be just what you need to save your home. The challenge will be getting your package reviewed and approved before the foreclosure. Just remember whatever you decide to do; act fast. Time is of the essence!
FREE Online tools – Modification Probability Engine!
Most homeowners are unaware that their modification request can be denied for being off by as little as $10 from their lender’s unique “sweet spot”. To arm homeowners with this inside knowledge, our Probability Meter™ accurately predicts the likelihood of a positive loan modification. Based on the specific lender, NPHS offers tips to help a homeowner properly structure their financial situation prior to speaking with their lender. You will then be provided with a submission-ready package that can be sent directly to the lender. We recommend that you call NPHS or your local non profit before you submit you package to evaluate the information and help you submit the package to the bank. Remember! We do all this for you at absolutely no charge!
Try it…It’s FREE
Get started my entering your ZIP CODE and choosing your desired option
We work with the latest cutting edge technology to better serve you and to ensure your success. Due to the overwhelming demand for foreclosure prevention assistance, it is imperative that you follow the procedures we have in place. It is also important to have the required information ready so we can better evaluate your situation.
