A Loan Modification is a permanent change in one or more of the terms of a
mortgagor's loan, allows the loan to be reinstated, and results in a payment the
mortgagor can afford.
A loan modification is an agreement that is negotiated with your lender that
changes the terms of your loan. Convincing a lender to a loan modification is
not easy. You must document the reason why it is in the lender's best interest
to modify your current loan.
Loan modification examples are a reduction in the loans principle balance a
reduced interest rate, an increase in the loan period from 30 to 40 years, a
rollback in an adjustable loan to the initial interest rate, or any other change
of terms to reduce the monthly payment. The sole purpose of a loan modification
is to enable the borrower to meet the terms of the new loan for the foreseeable
future.
Contact us now at 888-702-9044 and a Loan Modification Professional will help
you get started.
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Nationwide Real Estate Solutions understands as a homeowner unable to make your
mortgage payment or dealing with the possibility of facing foreclosure can be a
stressful experience and an emotionally painful time in your life. If you are
currently behind on your mortgage payment – or predict that you will soon be
unable to continue making your mortgage payments – you’re not alone: you do have
an option.
Nationwide Real Estate Solutions will assist you to identify and implement the
best possible Loan Modification solution helping you to avoid foreclosure. After
a thorough review of your situation by our staff one of our Loan Modification
Professionals, we will work your lender to come up with the appropriate
solution. Nationwide Real Estate Solutions will diligently negotiate to secure a
fair and equitable solution with your lender.
Many distressed homeowners simply give up and give in to the foreclosure
process; often without being fully aware of the Loan Modification option is
available to them.
Contact us now at 888-702-9044 and a Loan Modification Professional will help
you get started. |
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In order to be eligible for a Loan Modification and have Nationwide Real Estate
Solutions represent you we must be able to prove to the lender that you are a
victim of a “hardship” and therefore unable to continue making payments on your
mortgage. A hardship situation is one that is the result of some extenuating
circumstance that forces the borrower into a position where they can no longer
afford their mortgage payments. While every situation is different, some
frequent examples of hardship include:
- Decrease in the value of the home
- Unemployment or loss of primary income source
- Inability to work due to health crisis
- Mounting medical expenses
- Employment relocation
- Failure of business
- Bankruptcy
- Death of spouse or significant other
- Divorce or separation
Contact us now at 888-702-9044 and a Loan Modification Professional will help
you get started. |
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In addition to the homeowner proving hardship, lenders require a specific set of
supporting financial documents to consider a Loan Modification.
Contact us now at 888-702-9044 and a Loan Modification Professional will help
you get started. |
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Immediately,
foreclosure and loan
modification situations tend to
be extremely time sensitive and
consuming for negotiations. The
sooner we can begin the
negotiations with your lender,
the greater the chances of a
successful resolution. There is
no need to wait until the lender
sends you a notice of default or
initiates formal foreclosure
proceedings against you. Time is
of the essence!
Contact Nationwide Real Estate
Solutions today at 888-702-9044
and one of our Professionals
will help you get started.
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All loan modification situations are unique and follow their own timeline.
Typically a loan modification is completed within one to 2 months from the time
we have a complete loan modification package ready to present to the lender. The
timing depends on how fast we can begin negotiating with your lender. If you are
imminently facing foreclosure or even if an auction date has already been set,
the process can certainly be expedited and we may even have the lender postpone
the auction date.
Contact us now at 888-702-9044 and a Loan Modification Professional will help
you get started. |
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In most distressed mortgage
situations, foreclosure is a last
resort for all parties involved. The
homeowner and the lender usually
want to avoid foreclosure at all
costs. That is why a loan
modification is advantageous to
foreclosure and lenders are
typically very motivated to pursue a
loan modification prior to
foreclosure.
A loan modification gives the lender
the ability to cut its losses
upfront thereby avoiding the expense
and time of a foreclosure and
potentially greater losses. Lenders
want to make loans; they do not want
to be in the business of owning and
managing real estate. Whether the
lender chooses to go through with a
foreclosure or agree to a loan
modification, they are taking a loss
either way, but in many cases they
would take less of a loss with a
loan modification and resolve the
matter in a comparatively shorter
time frame. In nearly every case, a
loan modification offers a
significantly better return on the
lender’s investment than a
foreclosure does.
Contact Nationwide Real Estate
Solutions today at 888-702-9044 and
one of our Professionals will help
you get started.
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Nationwide Real Estate Solutions works as independent third-party loan
modification negotiator. Our experience and professionalism ensures homeowners
and lenders that we will be the driving factor of the loan modification process.
Nationwide Real Estate Solutions stands apart from the rest simply because of
our experience in negotiating over twelve hundred successful real estate
transactions typically affecting a win-win outcome for all.
We firmly believe that just as most borrowers use a professional to initially
get into a mortgage, it is in their best interest to do so if they are in the
unfortunate position that they need to get out of a mortgage. If proactive, you
only get one shot to negotiate your way out of foreclosure through a loan
modification process, and while it is nearly impossible to negotiate with the
lender yourself, it is highly unadvisable. Let our professional team represent
you through the loan modification process.
Most lenders’ loss mitigation departments are understaffed, and the overworked
loss mitigators are usually overloaded with all parties vying for their
attention. Unfortunately, the loss mitigator can be very difficult to get a hold
of, and when you finally do get through, you have very little time with which to
make your case. Furthermore, the added stress of foreclosure in itself makes it
difficult for a homeowner to effectively negotiate their way out of foreclosure.
Because we work with all lenders and represent homeowners from all across the
country, and since we specialize in loss mitigation, we understand how to
collect, prepare, and effectively present the information that lenders require
to seriously consider a loss mitigation solution such as a loan modification. We
have excellent working relationships with the lenders’ loss mitigation
departments and we will leverage our network and expertise to help you solve
your problem.
Contact us now at 888-702-9044 and a Loan Modification Professional will help
you get started. |
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Nationwide Real Estate Solutions
is experienced in negotiating
all kinds of government loans,
including FHA or VA owned
mortgages and Fannie Mae /
Freddie Mac insured mortgages,
as well as privately insured
mortgages.
Contact us now at 888-702-9044
and a Loan Modification
Professional will help you get
started. |
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Yes. Regardless of where you are located, we can help. We operate in every state
and have a comprehensive understanding of all the ins-and-outs and rules and
regulations applicable to each foreclosure situation.
Contact Nationwide Real Estate Solutions today at 888-702-9044 and one of our
Professionals will help you get started. |
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Nationwide Real Estate Solutions is a national leader in the field of loan
modification negotiating. Our principals and affiliates have over five decades
of combined experience in all areas of the mortgage and real estate industries.
Our expert loan modification professionals are highly trained in this often
complicated process. We operate in every state and have a comprehensive
understanding of all the ins-and-outs and rules and regulations applicable to
each foreclosure situation. Our decades of expertise and experience
differentiates us, our commitment to our clients is our mission. It is this
unique combination of industry-leading expertise, impeccable professionalism,
and extraordinary customer attention which enables us to offer the highest level
of service to our clients nationwide.
Contact us now at 888-702-9044 and a Loan Modification Professional will help
you get started. |
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