Negotiating your loan modification with the loss mitigation department of your lender will consume most of the time involved in your process. It can take as little as a couple of days or several months. During this time people have a natural tendency to be anxious about the progress of their loan modification. We will send you periodic updates regarding progress or any additional information that your lender may require.
While it is true that you can negotiate directly with your lender, many people do not have the time, talent, training, or temperament to do so.
Time
It can take dozens of phone calls and literally hours of waiting on hold to speak with a loss mitigation department in today's financial environment. In order to be successful in your negotiations an accurate and up to date record of contact information and conversation logs should always be kept. Contacting a lender's loss mitigation department must be a proactive effort. Waiting for them to call you may prove to be an exercise in futility.
Talent
Our staff is experienced in lender negotiations and know the difference between a good result and a bad one. An individual that chooses to work directly will forego the cost of a professional negotiator but at the same time can incur the cost of a substandard agreement which they could pay for every month for the rest of their mortgage. Put the odds in your favor for a loan modification that will work for both you and your lender.
Training
Our representatives have years of experience and are trained in the areas of mortgage loans, real estate, and negotiations. We keep up to date on the most recent trends in loss mitigation and how the economic environment is affecting lenders. When working with one of our representatives you may rest assured that you are dealing with a professional.
Temperament
While some people may have the time, talent, or even the training to negotiate directly with a lender, few have the temperament. Because this outcome of this process can affect your life for years to come it will always include a certain degree of anxiousness for you. It can be a distinct disadvantage when ar lender knows that a borrower is in a hurry to obtain an outcome. Negotiating a less than acceptable result can bring you right back to the table in just a few months.
Do It Yourself Or Hire A Professional?
Negotiating a loan modification to your advantage with a lender takes all of the above. If you are fortunate enough to have all of these attributes available to you then you may very well be successful on your own. If not, give us a call and we will talk about your situation.
No one can guarantee that they can save your home from foreclosure for you. Unless of course they are going to hand you a check for your payoff amount.Not likely. Because lenders have been hit by the current foreclosure crisis as well as homeowners they are currently more willing to work on Loan Modifications than in the past. Hiring a professional loss mitigation consultant can give you the advantage of experience.
What if using a professional resulted in a $100 lower payment every month?
If the advantage of experience results in a just a $100/month difference that's $36,000. Add interest over 30 years and the total could approach $100,000. This is a small fraction of the cost of hiring a professional loss mitigation consultant.
That's a possible upside. The downside could be the failure to be approved for a Loan Modification. Put the odds in your favor. Let us help!
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888-790-4276
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