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The Mortgage Note Mod Company believes if there is a will then there is a way to stop the foreclosure process. Our team will help accomplish your goals whether it’s to keep or sell your home property.

Affordable Repayment Plan
Mortgage Loan Modification
Pros and Cons of Loan Modification Agreements
Restructured Mortgage
Mortgage Refinance
Forbearance Agreement
Deed-in-Lieu of Foreclosure
Reinstatement Plan
Foreclosure Lawyers



Mortgage Rate Reduction
Loan Modification
Lien Stripping
 
 
Foreclosure is something most homeowners thought could never happen to them. The unfortunate reality is that hundreds of thousands of homeowners have experienced a foreclosure in the last two years. Now with many lenders and banks in jeopardy of bankruptcy, loan modifications are becoming more frequent much earlier in the process.



Forbearance
Deed-in-Lieu of Foreclosure
Bankruptcy Protection
 
 
The Mortgage Note Mod Company can help you maintain your homeownership by negotiating on your behalf directly with the bank that services your loan.



Bankruptcy vs. Modification
Negotiating with Loss and Mitigation
Short Sale Considerations
Foreclosure Laws
 
 
Our legal and negotiating expertise can help save your house while reducing financial stress burdens.
Predatory Lending Lawyers
Truth in Lending Law
Stopping a Foreclosure with a Loan Modification



Consumer Protection Advocates
Mortgage Resources
FHA Mortgage Lenders
Loan Blogs
Hope Organization
 

Mortgage Loan Modification Options

 

As a result of recent legislation passed to slow down the rate of foreclosures and to help borrowers trapped in loans they cannot afford, lenders are considering and qualifying homeowners for loan modifications depending upon the hardship and their adjustable rate mortgage (ARMs). If the rate adjustment is going to occur within the next 60 to 90 days, one is more likely to obtain a loan modification. Know that the lenders tend to grant loan modifications if the ARM caused the financial hardship or will cause a financial hardship within the near future. Simple debt or the loss of a job may or may not enough to permit a loan modification.

A loan modification is a revised agreement, in which the lender modifies the current terms and reduces the monthly payment for the borrower. The primary objective of a loan modification is to restructure the mortgage to a payment that is affordable for the homeowner. Recent state legislation and Congressional initiatives require lenders to make possible every effort to provide loan modifications to homeowners risking foreclosure.

Are you stuck in an adjustable rate mortgage you can't afford?
Modifying your current mortgage loan could be the solution for keeping your home!

  • Stop the Harassing Calls from Your Lender
  • Remain in Your Home
  • Free Foreclosure Prevention Analysis
  • Reduced Interest Rates
  • Lower Mortgage Payments
  • Short Sale Advice
  • Fast Mortgage Relief
  • No Cost Consultation


What kind of results can I expect?
In some cases, lenders have agreed to such terms as: forbearance (a temporary break from making mortgage payments), temporary or permanent lower than market interest rate, lien stripping where the mortgage company lets you pay off settle for less...(i.e., 2nd mortgage is $125,000 and the let you buy it off for $17,000). Why? Because the 2nd mortgage banks get nothing if a bankruptcy is started prior to foreclosure. And, it's better for them to get something that to lose everything.

Loan modifications are less of a loss to lenders than foreclosure. According to research by FBR Capital Markets, the projected loss severity for a bank from a loan modification was 12%, compared with 42% in case of foreclosure.

The Loan Modification Outlet has assembled a team of Christian lawyers and mortgage modifiers who have experience negotiating with lenders in an effort to offer homeowners a lower monthly payment. Our team strives to help people retain their homeownership by modifying their mortgage with affordable monthly payments.

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