We find the financial obstacles that are causing hardships and reduce them to a manageable level. It is our belief that in order to stop the financial bleeding in this country there needs to be a cost effective solution that meets the highest standards.
It is also our belief that lenders are not willing to work with homeowners to solve the problems and here is why. This is what Indymac said about the loan modification process.
“The goal of this streamlined loan modification program is to achieve improved value for IndyMac Federal. IndyMac Federal will only make modification offers to borrowers where doing so will achieve an improved value for IndyMac Federal.”
Source FDIC
We are here to put the power of negotiating back into the hands of the homeowner. Don't let your lender determine what "offer" they send you. Learn how to present your case to get what is in your financial best interest by using our software.
This software coupled with the power of a full forensic analysis can be very useful in negotiating with the lender. Did you know that 8 out of every 10 loans in the last 5 years have violations in one way or another? Our Forensic analysis uses another software application to determine what those violations are and those findings can be used, very powerfully, to negotiate with a stubborn lender.
Here is some general information about the programs that are available now with most lenders.
TIME IS NOT ON YOUR SIDE! Call us today for a free no obligation consultation or click here to complete a short online application and one of our analysts will contact you within 24 hours.
Hope 4 Homeowners is a program designed to help people that are facing financial struggles with their lender. There are guidelines that need to be met in order to qualify for this program:
- You must pay more than 31% of your pre-tax income in mortgage payments.
- You must be in an adjustable rate mortgage that has reset and made your mortgage payments unaffordable.
- Not all lenders are participating in this program.
These are the two biggest qualifying factors for this program. There are other challenges you will face if interested in pursuing this solution. The lender has the decision to deny your eligibility into this program.
Homeowner Affordability and stabalization Plan simplified
This program is designed to help homeowners in 2 different situations:
1. The homeowner that is not behind and has good credit can apply for refinancing of up to 105% or the current value of the home - if they have a participating lender (Fannie Mae or Freddie Mac backed loan)
2. The homeowner that is in default or not behind, but is in danger of falling behind due to hardship or resetting adjustable interest rate. They can apply for a loan modification. The lender will modify the loan to equal 38% of the homeowners pre-tax income then the government will further reduce the payment to 31% of the pre-tax income. There are incentives for lenders to participate in this program and also incentives to homeowners who make timely payments on modifications. The lender must be participating in this program in order to offer this solution.
Example of how this works:
Monthly mortgage payment $1800
Monthly income $3500
Loan modification by participating lender to 38% = $1330
Government assisted loan modification to 31% = $1085.00
Our professional negotiators know how to present your case to the participating lenders in order to give you the best chance of approval. During the negotiation process we will be negotiating to restructure the loan which will include turning your adjustable rate mortgage into a fixed, getting the investor to agree to a temporary or permanent loan modification, working for a temporary or permanent reduction in your mortgage payment and more. This will insure that no matter what the decision is by the lender on the Hope 4 Homeowners program you will be in a much better position than you were before you hire our company to help you.
Lenders are more flexible these days with modifications on loans. We are setting new precedence almost daily with the lenders we work with. The government is passing new laws regularly that can help homeowners like you afford their mortgage payments. Most lenders are being forced to do what it takes to help you keep your home and we are positioned perfectly with our lender partners to leverage these new laws and programs in order to get you the best workout plan available.
Here are a few of the things that some lenders are offering to help you afford your monthly mortgage payment:
- Decreasing the interest rate.
- Lowering monthly payments.
- Decreasing the interest owed
- Renegotiating the terms of the loan.
- Adjusting the loan term.
- Deferring Payments
Thousands of families have counted on us to help them avoid foreclosure and keep their homes. We provide this service by using the professional relationships we have built with over 400 lenders. Our niche is speaking the lender’s language which produces proven results. Our combined 25 years of real estate, financial and lending experience gives us and our superior negotiators the knowledge needed to negotiate with your lender based on your personal hardship. In this business it’s nice to have a friend you can count on. We are a credible, honest and ethical foreclosure prevention service company listed with the Better Business Bureau. Here is what one of our clients said about our services recently:
I didn't realize what a toll this day had taken on me until I got home. WOW, was that close. When the chips were down, you came through with flying colors. Your resourcefullness turned a hopeless situation into a day with a happy ending. Thank you so much for being there when I needed you. I am so glad I chose StopMyForeclosure.net to help me with my difficult mortgage issues. Thanks again.
StopMyForeclosure is here to help the American working class take back control of their financial future!
You have worked hard in keeping your home through the years. Now because you have had a major hardship or a financial setback you are in a difficult situation and behind on your mortgage. If you answered yes to any of the above questions we at Stopmyforeclosure will help you get back on track! In fact, we can assist you up until your foreclosure sale date.
There are several different foreclosure optionsyou may not be aware of that can get you out of foreclosure. Our negotiators know these options well and have worked with hundreds of mortgage companies nationwide assisting homeowners with getting current with their mortgage companies. Many times these workout programs are never offered or mentioned to you by your lender. We have years of expertise and we have built relationships with hundreds of lenders and banks nationwide. We can go over your foreclosure optionsand assess your situation for free today if you call now..
Company Profile
We are the one Stop Shop experts in the Foreclosure Industry assisting homeowner's with Pre-foreclosure and/or Foreclosure. Our team is experienced and has a combined professional history of 25 plus years in real estate, accounting, and the foreclosure industry. We can complete and finalize a hardship application or workout package with the mortgage company. Our nationwide firm assists homeowners each and everyday. Time is not on your side. Our team works fast, efficiently and effectively with your mortgage company.
The expertise of our team lies in the areas of loss mitigation, banking, accounting, real estate, mortgage loan officers, and other related loan and mortgage fields. Since many of our staff have relationships with former banks or mortgage lenders, we have built a foundation of trust and honesty with over 400 lenders and banks that we work with on a daily and even hourly basis. Our company brings together ALL these areas of expertise under ONE roof. This provides you, the homeowner, with an experienced and professional representative who will analyze your unique situation quickly. We take a personal interest in each hardship which helps us assist you in developing an approach to solve your mortgage problems and strive to professionally answer your questions.