Home Loan Modification / Loss Mitigation Program
http://www.ncacreditrepair.com/loan-modification-program.html Loan Modification – This is when your loan is restructured with your current lender. This option not only improves your credit, it is also the best way to keep your property. With this option, our goal is to significantly reduce your mortgage payment by achieving one or more of the following things:
Rate reduction
Rate locks
Principal reduction
Forgiveness of late defaulted payments
Short Refinance – This restructuring plan encourages clients to refinance, typically with another lender. To help qualify the homeowner, the current lender would issue a shorter payoff amount in order for a homeowner to obtain a loan based on current lending guidelines.
Short Sales – If the homeowners hardship is very extensive sometimes the only way out is to sell the home and be rid of the burden altogether. In a short sale, the negative equity in the property is forgiven by the lender in order for a sale to occur at market price. One of the many real estate professionals at Diamond Consulting will be available to list/show the property and work with the attorney to submit offers to the lender.
A Deed in Leiu of Foreclosure – A potential option negotiated by the attorneys, a deed in lieu is when a client avoids foreclosure by deeding back the home to the lender in exchange for the release of all obligations under the mortgage. Both sides must enter into the agreement voluntarily and in good faith.
Cash For Keys – In most foreclosure cases, homes are left damaged and in disarray. The high cost of restoring these distressed properties pushes lenders to explore other options such as cash-for-keys. This is where the lender issues cash in exchange for a home in good standing, and or in clean condition.
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Comments
Look them up on the …
Look them up on the internet. They have a great sales pitch, but it is all talk and no action. You have to pay up-front, and once you do that, you are at their mercy. Stay away from this place.
Look them up on the …
Look them up on the internet. They have a great sales pitch, but it is all talk and no action. You have to pay up-front, and once you do that, you are at their mercy. Stay away from this place.
I have never heard …
I have never heard of them.
stay away from …
stay away from Feldman law Center!
California’s …
California’s Mortgage Foreclosure Consultant Act at Civil Code 2945.4(a): “It shall be a violation for a foreclosure consultant to:
(a) Claim, demand, charge, collect, or receive any compensation until after the foreclosure consultant has fully performed each and every service the foreclosure consultant contracted to perform or represented that he or she would perform.”