Modifications Are you having a difficult time making your monthly mortgage payment? There is no need to be afraid, you are not alone. Over 13 million households are currently experiencing some challenge making their mortgage payment. Within the next 12 months real estate experts are expecting foreclosure applications to almost double the current rate. However, there is still hope! A foreclosure can cost your lender tens of thousands of dollars and sometimes incur even greater amounts depending on the value of the mortgage. Therefore, your bank or lender wants to work something out with you to avoid a costly foreclosure. A loan modification is not a refinance so your credit score and house value do not determine whether you qualify or not. In fact, we have learned from our experience that if your home value has dropped a fair amount, your bank or lender is more inclined to negotiate a new, lower payment. In order to qualify for a loan modification, you will need to have verifiable income and be able to show a financial hardship. There are no guarantees when it comes to qualifying for a loan modification as every lender and loan is different. However, the more educated you are, the better chance you have in succeeding with a successful loan modification. The Full Service Program – Once you provide us with the necessary documentation, we will take over and handle the modification process for you. We will process and negotiate a loan modification on your behalf to keep you in your home.