Loan Modification

Contact Us: Mod By Lawyers, Inc 1900 S. State College Blvd Suite# 300
Anaheim, CA 92806 Ph: (714) 464-6214 Fax: (714) 206-0994 By Email: Info@ModByLawyers.com
Mod By Lawyers Modification program offer a full team of corporate processors, negotiators and attorneys to support their clients. We are among the first doing loan mods since October of 2007 and continue to develop strong lender relationships and evolve our program. Well work together with you and your client to make sure they get the best possible representation on their loan modification. Mod By Lawyers is here to help your clients fix their broken loan and keep them in their home.
At the ModbyLawyers we work with homeowners and their lenders to avoid foreclosure. For years, Real Estate and Lending Professionals have done a good job at getting people into homes. But, not enough emphasis has been placed on keeping Homeowners in their homes when financial hardships arise. Now, “Loss Mitigation”, “Foreclosure/REO Avoidance” and “Customer Retention” are the “buzz words” of most mortgage servicing environments.

We have established a national network of Real Estate Professionals to facilitate greater cooperation between Homeowners and Lending Professionals. We are committed to a timely and cost effective resolution of non-performing assets.

The ModbyLawyers specializes in resolving the following Non-Performing Asset challenges:

· Homeowner Contacting
· Completing and Packaging Required Paperwork
· Mortgage Refinance Evaluation

The ModbyLawyers is a fee-only foreclosure mitigation company that prides itself on unparalleled service and performance. We are committed to providing unbiased advice and prudent strategies for non-performing assets. Our services are always tailored to your unique needs. Our fee-only approach allows us to serve you without compromise. We do not work on a commission basis, nor do we benefit from recommending any particular course of action. Our reward is satisfied clients!

Our Attorneys are licensed to practice law in the State of California and have many years of experience in the Real Estate and Mortgage business law.

We are also proud to have a team of highly Experienced Professional staff with many years of experience in loan processing and negotiation with working experience from some of the largest financial institutions in the US such as Bank of America, Wells Fargo, Countrywide, Wachovia, World Savings, and many more.

Questions:

What Is A Loan Modification?(Questions clients have asked)
We specialize in working with your lender to restructure your current loan(s) by providing you with a unique, professional plan that you and your lender can accept to lower your interest rate and your monthly payment WITHOUT HAVING TO REFINANCE

What Is A Loan Modification? Loan modifications are any changes made to an already existing loan on real property. The modification may take the form of a change in the interest rate, the repayment schedule, the principal amount of the loan, or any other terms or combination of terms.

How Long Does It Take? There is no set time to complete the loan modification process. Most of the time, it is a process that takes several weeks up to several months.

Why Does It Take So Long? The lending institutions are overwhelmed by the number of demands for loan modification. The banks have experienced financial set backs leading to layoffs and an increased work load. Patience is a virtue that serves everyone involved in this process.

I Am In Default. Will This Process Save My House? If you have received a Notice of Default Recorded with the County Recorders Office, we will refer you to experienced attorneys that can help you.

Is This Like Refinancing? No. First, you do not need to qualify for a loan modification. Loan modifications are requests made of your existing lender.

Can I Take Money Out When I Modify? No. You are asking the lender to take a loss on your loan. Do not expect that the lender will also give you money as well.

The Process Sounds Intimidating. Is It? Yes, it can be quite intimidating. Most clients have never had to deal with a lender on this level. But, you can count on our professional team to be there for you every step of the way.

Will Mod By Lawyers Keep Me Up-To-Date On The Progress? Absolutely. You will be provided with constant updates on the status of your loan modification.

Does Mod By Lawyers Have Attorneys Involved In The Process? We most definitely do. Our attorneys are not only involved in the loan modification process, but they are always available to meet with our clients to discuss their loan modification.

What Do I Need To Do? All that we ask is that you provide us with all of the information we ask you for and that you do so in a timely manner. To start, we will need a financial statement, two months of bank statements, your three most recent paystubs and a hardship letter

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http://www.60minuteloanmod.com LOAN MODIFICATION Hardship letter – IS IT RIGHT FOR ME? Free 60 Minute Loan Modification info CD

Frequently asked question number eight will a loan modification have a negative impact on my credit? A loan modification does not have a negative impact on your credit report. In fact, a loan modification may be the very best way to maintain good credit as long as it makes your monthly payments more affordable. My 60-minute loan modification includes powerful credit repair secrets to help you rapidly achieve great credit, if you have fallen behind on payments.

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Florida Chief Financial and 2010 gubernatorial candidate Alex Sink was in Orlando Monday pushing her Florida Housing Help plan.

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Utah Attorney Jeremy Eveland helps homeowners keep their houses that are currently in foreclosure. Bankruptcy, loan modification, forebearance agreements, and litigation to keep or sell their homes.

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Mortgage help assistance lower closing costs broker fee review watchdog bad credit high fees fha consultation

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First Time Home Buyer Tax Credit Assistance and Federal Government Home Loan Program with Low Down Payment on FHA Mortgages. Buy Bank Foreclosed Homes at a Discount. Go To http://RealEstateMarketingThisWeek.com

Part 2 (Excerpt)

The median income family can afford twice the median priced home; prices drop over 50%

And now I mentioned Dan Havey is back in the studio with us, Dan has done a lot of great things in the mortgage industry. He left us about a year and a half ago, is that right Dan?

Yes, I left the mortgage industry in October of 2007. Tell us a little bit more about yourself.

As you know I came originally from Wisconsin, where I got a degree in Business Finance and I came out here in 1989 and started working with my brother selling real estate owned-REO, bank owned properties for Fannie Mae, Countrywide, and the Resolution Trust Corporation-RTC which was the government entity that was put in charge of disposing of all the real estate owned by the 1800 S&Ls that had failed. I did that until about 1995 when I moved into the mortgage industry and there for 12 years I worked predominately with bankruptcy attorneys helping their clients get out of bankruptcy and foreclosure. I left the mortgage industry in October of 2007. Now I am working predominately in the arena of marketing for real estate and mortgage companies, helping out companies, just like Im here helping out Michael today, to get people to realize that right now actually is a really good time to buy.

There are a couple of points I want to make and it was something that Michael had said earlier. The first one was that 4% interest rate. Originally Obama said a couple of weeks ago, when he rolled out the mortgage plan, that they were going to take the $200 billion and use it to buy mortgage backed securities, well the article I was reading today said it appears that plan may have changed. Instead of buying the mortgage backs they were actually buying the stock of Fannie and Freddie to help support the company and keep these companies going under. I dont quite understand why being how they own them now.

Well youve got to hand it to the government they have really done a heck of a job helping Fannie Mae out, for instance today the stock is up to $0.41. Wow, doing so well, I remember when it was $150 or so, where it was at the top of the market.

Today, right now is definitely the best time even if rates dont get down to the 4% point. The beauty of it and were going to talk more about this in a later segment, is that we have seen a 51% decline in home values from the peak of the market. So you dont have to have the absolute greatest interest rate in order to be able to buy a house today. The median home price right now is $130,000 in Maricopa County, it was $264,000 just two years ago.

So the median home price is $130,000? We are going to talk a little bit about what a person has to make to actually qualify for that. Well it is definitely well within the means of a median income family. Right now a median income family makes about $64,000 in the state of Arizona according to the US Census Bureau and HUD. I ran some numbers today, I think at 6% interest and at that rate they can buy a $280,000 house. So you can buy twice the median home price if you are making just what the median income family would be in the state of Arizona. So the median household income buys double the median priced house in Maricopa County. That is correct, at 6% interest.

And the reality of it is interest rates are not even that high right now. So for people to be waiting for that perfect interest rate of 4% it doesnt really matter if it gets here or not because right now is such an incredibly fabulous time to be buying a house. There are so many foreclosures out there on the market right now, there are so many short sales out there on the market right now, and the point you made earlier is very important, that people have to get in and get prequalified, know exactly what they can buy. Now in many cases you are going to need a down payment, so get with your mortgage broker, get with Velocity Financial and start working on that program of getting those funds together for the down payment as well.

Dan Havey we talked in the past about whats available for financing these days, interesting to give little pat on the back for Velocity Financial is one of less than 15% of all of the lenders in the state of Arizona that are qualified to do FHA financed homes. Now FHA financing, people used to think it was only for first time home buyers, thats no longer the case. The FHA loan which only requires 3.5% down payment it doesnt matter if you have owned a home before and in many cases you can own another home now so long as your new purchase is going to be your primary residence you can utilize FHA financing and put only 3.5% down.

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http://www.60minuteloanmod.com LOAN MODIFICATION Hardship letter – IS IT RIGHT FOR ME? Free 60 Minute Loan Modification info CD

Reporting from Washington — The housing plan unveiled by President Obama on Wednesday goes further than any previous effort to break the vicious cycle of declining home values, rising mortgage defaults and frozen credit that triggered the country’s worst recession since the 1930s.

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How you can get a home loan modification instantly if you qualify. Certain lenders can modify your home loan instantly and you can lower your monthly payments fast!

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If you are struggling to pay your mortgage every month or have missed payments (one or more), you should seek help fast. Our services are designed to help people before it’s too late. Many people let the problem grow beyond something they can control. Don’t let that be you. Contact cblawsavedmyhouse.com today and we’ll explain the loss mitigation process and how loan modification can benefit you.

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First Public Event – Loan modification, Short Sale, Foreclosure, Tax & Legal Ramificaiton. Free Homeowner Workshop: April 18, 2009 – Saturday – San Jose www.RescueCaHome.com or Call 408-930-1200.

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