Questions and Answers relating to the loan modification process.

Yes, but should you? It really depends on the results you want to achieve. How good would your hair look if you cut it yourself? How would you do if you represented yourself in court? If you are in trouble with your loan, you want the very best result and we can get that for you!

We have a staff of loan mitigators whose only job is to work with lenders and modify loans, every day, five days a week. By letting us do what we do best, you will get better results without the headaches and worry.

We know how to deal with lenders and have in-depth knowledge about how these institutions work. We can potentially save you thousands of dollars and free you from a considerable amount of stress.

.

How Long Does This Take?

Once we get the paperwork, we begin right away. Currently, most lenders are very busy, so we are noticing about 30-120 days before a final settlement is reached.

What does this cost?

Our fees are very low, best results come from expert loan modification negotiators. You can review our fees here.  We're sure you'll discover that our fees are a bargain when compared to the cost of the alternatives.

Is there a payment program available?

Yes. Our fees can be on a payment schedule . We will figure an affordable and simple plan for your unique situation.

Will you stop late fees and interest from accruing on my account?

We cannot stop a lender from adding interest or late fees to a loan. However, your individual program will allow you to catch up on any late payments, and all interest and fees will be restructured into your new payment.

Yes. We can review your situation and let you know your options, but must wait until your mortgage has been discharged or dismissed from your bankruptcy to negotiate with your lender.

It does not appear that way. The American Bar Association has reported that 96% of homeowners who declare bankruptcy end up losing their home to foreclosure. So, it seems that if you declare bankruptcy you will likely end up with BOTH a bankruptcy and a foreclosure. But, bankruptcy is an important tool in debt relief and if you believe you need this option, we advise you seek the council of a bankruptcy attorney.

It does not matter what type of loan you have, we can help!  We work with all loan types and all lenders.

If  you cannot afford your home there are several options that will minimize your credit damage and forgive the debt. They include returning the property to the lender or selling it to a third party.  A real estate agent and/or attorney may be required for these options.

You can call us at 714-512-6421  Monday thru Friday from 9 a.m. - 6 p.m. PDT to speak with a customer service representative and get an update on the progress of your program.  We stay in contact with you also with updates by email and of course you can send us an email anytime at info@homeloanmodificationinfo.us

Creditors are required to report canceled debts exceeding $600 to the IRS and you are supposed to report the same as income on your annual tax return. However, the IRS permits you to write off any “income” from canceled debts up to the amount by which you were “Insolvent” at the time. Therefore, unless you have a positive net worth, then you ordinarily will not be obligated to pay taxes on the forgiven amounts. Additionally, if you do not qualify as insolvent, non-principal amounts such as fees accumulated on the account may be deducted from the amount reported. Consult a tax professional for your specific situation. Refer to: www.IRS.gov Publication 908

Want results?

Answers to the most common questions about Home loan modification. We're sure you've got questions about loan modification.....if you're like most people, you've got LOTS of questions.  So, we've compiled a lengthy list of questions and answers as well as Resources and  information about Mortgage Help for Homeowners Under the  Obama  Mortgage Loan Modification Plan.   Learn About Loan Modification for Home loans.  Resources about home loan modification and information about the mortgage loan modification programs. Information about  how loan modification works. Find out how to qualify for loan modification.