Anyone would be terrified if they were told their home was going to be foreclosed on, so letting your guard down because you have been told you will get a loan modification is something the lender is hoping for – what this does is makes the process of foreclosing an easier one for them. It could mean you giving away rights that are valuable and in doing so you reduce the options available to you in your defense. By which time it is then too late once you realize what has just happened, unfortunately, it may be too late already meaning you will be able to do nothing.
A judgment of default may have already been entered
You may be led to believe that you are able to stay in your home if you think that your lender is going to give you the loan modification. So do not make this mistake, ask your lender to put the details in writing so you have it stated in black and white that they have agreed to give you the mortgage modification, that none of your rights have been taken away and that foreclosure has been halted while they work on your loan mortgage modification. It is guaranteed that they won’t.
Being given misleading information
The reason that the loan mortgage modification process is difficult for many homeowners is largely due to misleading information and misconception which the media displays and also other means of help which is incorrect. Unfortunately, the public are led to believe that a high number of homeowners are successful in getting foreclosure help and a permanent mortgage modification but this is incorrect, all too often borrowers are denied the loan modification due to lack of understanding when it comes to structuring their case correctly for mortgage assistance.
Loan Modification Specialists has over 10 years experience of which thousands of Foreclosure cases have been prevented.
We can Stop Foreclosure. We can lower your payments and we have multiple alternatives to help you get your finances back on track. Get Started Today!
We take pride in knowing that we worked as aggressively and strategically as possible to ensure that our clients are protected. Our staff of foreclosure litigation and loan modification experts worked diligently with each and every client, ensuring that we have dotted our Is and crossed our Ts in every aspect throughout our relationship. Our network of supporters include industry experts such as real estate and mortgage brokers, private lenders, hard-money lenders, investors, auditors among others reinforce our processes by supplying us opportunities that overcome almost any obstacle.
This what makes makes us different and this is why we are successful.