The Loan Modification Department

At The Loan Modification Department, we understand the stress of dealing with foreclosure. That's why we put our best effort into helping our clients and help them every step of the way. We will keep you fully informed of your options, and we'll follow up consistently to make sure you get the best loan modification deal.

Loan Modification

A loan modification re-structures the terms of your mortgage to make your payments more affordable. But while it’s certainly promising, a long-term loan modification can be hard to negotiate. That's where our law firm’s Loan Modification Department comes in.

Loss Mitigation

Loss Mitigation is one of several processes designed to minimize the damage caused by defaulting mortgage loans. Often backed by an attorney or firm, it involves negotiations between the lender and the borrower that binds them to new, more manageable terms. These terms are aimed at preventing foreclosure and lessen the damage incurred by both parties.

Loan Modification Companies

Posted by Steve Calis | 2:52 AM | , , , | 0 comments »

Since the advent of the Obama Administration’s HAMP program for home loan modifications, many loan modification companies have opened their doors to the public. The goal of hiring a loan modification company is to assist in the completion of the proper application and supporting documentation, so you will have a better chance of obtaining a home loan modification.

A professional, reputable loan modification company can make a difference. In April, 2010, the Treasury Department announced that 277,640 trial loan modifications were cancelled in April 2010, many due to lack of documentation or relapses in missed payments. An experienced loan modification company can help avoid these situations.

Some loan modification companies are staffed by employees experienced in the real estate or banking industry. Many others are not so reputable, seeking only to take a customer’s money, without providing much in the way of service. Some will only assist in preparing the application, leaving you alone to negotiate with the bank.

In a public statement last year, the Federal Trade Commission promised to crack down on some of the disreputable loan modification companies. Most states have now enacted legislation requiring the licensing of companies dealing in mortgage loans, including loan modification companies.

The problem is the FTC doesn’t have the resources to check every loan modification company. A disreputable loan modification company may disappear before you have time to file a complaint. Be very wary when deciding to use a loan modification company.

At Cdloanmod.com, our network of attorneys have experience dealing with the home loan modification process. We are governed by a standard of ethics arguably higher than regulations given to loan modification companies.

We help prepare the application, know what supporting documentation is required for your home loan modification, and will represent you throughout the process. We will review your case from a legal perspective. The attorney is experienced in dealing with lenders, and will help you prepare your application so it is processed quickly.Complete our form online for a free loan mod consultation to determine your eligibility and let us put you in contact with a Loan Modification Attorney. Or you may give us a call at 888-595-9111 if you have any further questions.

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