| Loan Modification Process |
 |
 |
 |
|
This is where you talk to our qualified professional staff about the details of your situation. We’ll take the time to assess and evaluate whether loan modification is helpful in your situation. Step 2 - Post Assessment & Evaluation Here is where we discuss what loan terms you would like to modify and what the best possible resolution is. This is where you start to gathering all the necessary documents to be sent to us. Step 3 - Lender Notification This is where we contact the lender and begin negotiating on your behalf. Step 4 - Documentation Preparation We’ll assemble the paperwork you have sent along with our letters to submit to your lender. This is where our qualified and skilled staff leverages their knowledge and gets your lender to provide an alternative solution to your loan. Step 5 - Proposal Submission At this stage we propose the new loan terms that you’re comfortable with, and submit your file to lender for review and consideration. Step 6 – Negotiations Here we negotiate, in your best interest, with the lender to find the best resolution possible to avoid a short sale or foreclosure. We maintain communication with you during this process to insure that the terms of the negotiations are acceptable to you. Step 7 - Resolution Here you are presented with the agreed upon solution and necessary documents from the lender to sign. Step 8 - You have a fresh start to rebuilding your equity |