Mortgage Rescue Services include a detailed comprehensive loan audit, which can be used by an attorney to file suit, if the bank does not grant help to the homeowner. It's powerfully different than the typical loan modification service because it provides compelling reason for the bank to accept the professionally packaged proposal.

Per HUD, the accrued late charges should be waived by the lender at the time of the loan workout. This may vary depending on the lender.

The Federal government allocated over $75 billion dollars to subsidize lenders and servicers to help entice them and to defer the cost of modifying a client's loan. The banks have a monetary incentive to help, but have not done so on the scale necessary. The government proposed modification plan, offered directly through the lenders is cumbersome and difficult to qualify for. In many cases, the homeowner may not get the help they thought they would get. And, in many cases the bank simply does not communicate well with all of its departments and the homeowner ultimately suffers. It takes someone, who knows what they're doing to be consistent and persistent in dealing with the process.

The number 1 criteria needed to prove is your ability to make the new payment now and in the future. You need to supply us with proof of your income, along with a complete and accurate financial statement, detailing your income and expenses so the bank will know that, if granted the modification, you will be able to afford the new lower payment.

No. However, you need to show that, due to imminent interest rate increases or a hardship situation, you will no longer be able to afford the loan payment under the current terms of your loan. It is advisable, as soon as possible, to start the process. If you are behind, the closer you get to foreclosure, the chances of additional litigation time increase and the work gets more difficult.

Each homeowner has a unique set of circumstances that caused them to fall behind on their home loan, or where delinquency is immenent. Generally, the lenders consider divorce/separation, loss of income, death of spouse, co-borrower or family member, illness, job relocation, and military service to be acceptable topics in the hardship letter. A compelling hardship letter included in your application is a very important part of the package.

Yes, in most cases. By working with your lender, the team will work to halt the foreclosure process while providing time to gather and formulate the entire proposal package. A successful process starts by getting all the necessary documents from you, and knowing all of the details of your case as soon as possible.

Yes, a typical outcome includes the arrears being added to the loan balance, allowing the loan to be brought current.

That is entirely up to you and your comfort level dealing with your lender on this particular issue. Something to consider is the willingness of the bank to really give you the best deal you can get or giving you a deal at all. Without a team of experienced professionals fighting on your behalf you may end up losing your home, despite your efforts. Even with a team of people, who do this every day, working for you, it's hard work. Do you have the time to spend learning how to do this professionally? Are you willing to risk your home on the typical mistakes people make? These are questions you should ask yourself.

Contact us, or your agent, for a free consultation. Then, gather all of the items needed for the submission package, and complete the application. We will submit it to the auditors and processors who will complete the process for you and consult with you about your financial situation if necessary. We're here to help you and your family, and want you to be informed. Most of all, we want to help give you a fresh start.

Any service involving an attorney service cannot guarantee the outcome. The success rate is high and we haven't seen very many cases that can't be done. However, nobody can guarantee how the bank will act or how a judge will rule. It's impossible. Typical loan modification services may offer a guarantee, but most of the time it's not worth the words written. We are committed to providing the best service available and have taken steps to involve some of the most experienced and successful service providers in the country. Our mission is to help families no matter what it takes. We feel positive that you will have a good experience with our services and recommend us to your friends and family.