Residential
RESIDENTIAL LOAN MODIFICATIONS (ARIZONA ONLY)
Have these tough economic times taken its toll on your ability to comfortably make your mortgage payment? Are you facing potential foreclosure of your property? Has your ARM loan adjusted to the point of no return? Is principal loan balance reduction a possibility?
If you have been forced into a financial crisis requiring a loan workout (also known as a loan modification) give us a call to discuss your options. Our firm has been successful in obtaining favorable loan modifications that have helped homeowners save their homes from foreclosure and obtain a loan modification that allowed them to maintain the dream of homeownership. There are many loan modification scams and ripoffs out there including brokers who are not properly licensed or trained to assist you, and including “attorney backed” or “attorney based” loan modification companies that may or may not have an attorney that works on your file. Do not be fooled by these types of companies. In addition, you should look to a real estate focused firm, rather than a personal injury lawyer, family lawyer, or DUI lawyer turned loan modification attorney.
Steve Vondran, Esq., is an attorney licensed to practice law in both California and Arizona and he holds real estate Broker licenses in both states. He has experience in the mortgage industry as well as commercial and residential sales.
Types of Loan Modifications we have obtained:
- Interest rate reductions
- Principal loan balance reductions (Wachovia and World Savings Loans Only)
- Loan Forbearance
- Repayment Programs
Please contact us to discuss your case. Past results are no guarantee as to future results. Every case, lender, investor, loan servicer, borrower and property are different.
Lenders / Loan Servicers we have dealt with in Loan Modification transactions:
- Bank of America
- Countrywide
- Chase Home Mortgage
- Chevy Chase Bank
- Aurora Loan Services
- OCWEN
- Wachovia
- World Savings
- Wells Fargo
- Other Lenders / Servicers
Our General Loan Modification Process (For full service modifications)
- Forensic Loan Audit (Click here for more information)
- Financial Documentation Package
- Submit Loan Modification Package to Loss Mitigation / Legal Department (Submission contains a qualified written request and demand to produce holder of the note. We also request principal loan balance reduction down to current market value.)
- Contact seeking modification response / seek sale date extensions as necessary
- Re-evaluate and re-submit if necessary
- Review final documentation if modification is presented.
Note: Lenders are not obligated to modify your loan. In most cases, the property owner has signed a valid and binding contract that the lender expects to be honored. Therefore, no guarantees as to any type of success can be made. However, it is our job to make the best business case possible that it is in the lender’s best interest to modify your loan rather than pursue the costs and losses associated with foreclosure. You can submit your basic loan modification information through our online application at www.LoanModSolutions.net OR CONTACT US AT (877) 276-5084.
