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| HOW TO REALLY QUALIFY FOR LOAN MODIFICATION| 1985912 | Maryland | | 649433 | -- | | $Unspecified | -- | | | 80 | expired | |
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Today it is hard to trust anyone. When choosing a Loan Modification always ask to speak to the attorney. Over half of the companies that say they are attorney backed, only have one attorney and they usually never see your package. Its cheaper to have a processor do all the work, and just have an attorney on standby. Well not at New Hope Mortgage Solutions LLC. They have a network of attorney’s that are very diligently screened before becoming apart of NHMS’s team. Not only do you need an attorney, but one with Loss Mitigation, and Foreclosure Prevention experience. Attorneys with experience, ethics, knowledge, and a very strong negotiation ability is what New Hope Mortgage Solutions LLC has in their corner. We have an amazing staff who take time with our clients right from the start. NHMS’s offers a free consultation to make sure the homeowners Debt to income and housing ratios meet the requirements for the new government programs. NEW HOPE MORTGAGE SOLUTIONS LLC. helps the client qualify for the government programs. They handle the stress, and the attorney’s negotiate for the homeowner. It is truly a perfect match….
Now to further touch on why you should have an attorney represent you during this very stressful process..
Let’s face it, this economy stinks! And this means that many homeowners are perhaps facing their first financial crisis and risk losing their homes. It also means that many are vulnerable to being ripped off by the crooks that always seem to appear in times like these!
In the last two years, the number of so-called “loan modification companies” has exploded and many homeowners are now considering using one of them to get their mortgage modified. Many times this can be a mistake simply because these companies do not know how to properly negotiate with the bank on the homeowners behalf. This is why it is important to only use a company that has experienced attorneys. Do not be fooled, at New Hope Mortgage Solutions we want you to ask to communicate with the attorneys.
An attorney can represent you in what is largely a legal process. A loan modification may enable the homeowner to reduce their interest rate and lower their mortgage payments. In many cases, it is also possible to actually get the outstanding principal reduced as well. This is especially true when there is a second mortgage involved and when the property is worth less than the outstanding mortgage.
One thing a lot of people don’t understand is that you must be employed to complete a successful loan modification. Unless, of course, you have another source of other income. After all, if you can’t pay your present mortgage how are you going to pay it after it’s modified?
It’s not uncommon to see attorney negotiate much lower rates for homeowners. Graduated payments plans are also popular. This is where a bank will approve a low rate for one year, increase it maybe one percent the second year, and then again for the remaining years. Many times they also agree to forgive overdue interest and penalties.
Remember, your home is at stake so always use an attorney for a loan modification. They will usually charge you a one-time flat fee regardless of the hours spent negotiating on your behalf. Money well spent to save your home!
VISIT NEW HOPE MORTGAGE SOLUTIONS WEBSITE FOR MORE DETAILS: Empower yourself with an experienced Loss Mitigation Attorney ......
1866-611-7725 | | | | |
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