Save $260 off $349.95 Original Price. Discounted 75%! LIMITED TIME OFFER: Online Web-Based Platform to input your financial situation, and automate printable documents such as your lender proposal, financial statement(s), and fax cover sheets. Including a Task-Based Tracking System to guide you through the modification process and Note Taking System (Time & Date Stamped) to organize communication and demands to your lender as well as back-log efforts made towards preparing your modifcation.
Modify-it-4-Less is as an alternative method for homeowners who are having difficulties with the high cost of traditional loan modification representation. Our online software system was originally design to help generate the loan modification process for one of the leading industries Loan Modification Legal Firms. We intern redisigned the software to accomodate a much easier platform and make it available to the public for a fraction of the cost.
"My mortgage was four months in arrears and I had little to no money at all. Not only did your program come through for me, It has saved me thousands of my hard earned money, I want to say thank you and God Bless." - The Selvedor Family
How severe does my financial situation need to be to qualify for a loan modification?
Whether you are current or delinquent, if you are suffering from financial hardship that has consequently cause you to question your ability to make your mortgage payments you may be eligible for a loan modification.
Each homeowner has a unique set of circumstances that caused them to fall behind on their home loan, but generally the lenders consider divorce/separation, loss of income, death of spouse, co-borrower or family member issues, illness, job relocation, or military service to be acceptable reasons to consider a loan modification. A compelling hardship letter is a very important part of a successful application.
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Obama Wants To Slash Deficit - ModifyItForLess.com 01 Apr 2009
President Obama's first budget lays the groundwork for slashing the federal deficit in half by the end of his first term, reports Bill Plante. Maggie Rodriguez asks an Obama official about the budget.
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In the midst of the ongoing financial crisis, homeowners are looking for any way to ease their burdens, and the government has implemented several programs to help make it possible for borrowers to get the loan modifications they need from banks in order to keep their homes. However, statistics have recently emerged that indicate that the federal economic recovery plans currently in place in the United States are not doing enough to help minority populations cope with the myriad problems the financial crisis has created.
Over the last three years, banks have failed at an increasingly alarming rate. This year, more banks have failed in the first seven or eight months than in all of last year. Recently, the failure of a behemoth bank named “Colonial BancGroup” out of Alabama was shocking. The bank had tens of billions of dollars in assets, including quite a few billion dollars in mortgages. These sorts of challenges scare governments, banks, financial institutions and investors. The federal government has had to battle this fear by implementing stimulus programs,loan modification programs and other forms of aid to banks and consumers.
The Los Angeles Times reported that banks are moving extremely slow in modifying people’s home loans. There are many reasons why the banks are moving so slow, and while many people might believe that banks are simply being greedy, the truth is more complex.
Banks understand that loan modifications are actually good for their bottom lines, especially in comparison to the damage a foreclosure can do. However, various financial, governmental and circumstantial challenges have interfered with banks’ ability to perform loan modifications.
As the California State Bar, the California Attorney General’s Office, and the California Department of Real Estate work together to clean up the loan modification industry, The Feldman Law Center continues its Recovery and Outreach Program which is designed to assist homeowners in the recovery of lost fees and to see their loan modifications through to completion at steeply discounted rates. In recent news, the California State Bar received resignations from two attorneys and filed charges against a third based on unethical and illegal loan modification activities. These activities included allegations of abandoning clients who retained them by failing to perform on their behalf, closing offices without any notice to clients, and the failure to return fees when modifications were not completed.
Since the real estate crisis began two or three years ago, homeowners have been fighting to get loan modifications from banks and lenders. These banks and lenders are becoming increasingly swamped with phone calls, e-mails and other communication. Many of these financial institutions were unprepared for the response to different loan modification programs. Some banks hired many staff members to field the phone calls, but few of these staff members truly understood the loan modification process. Now, homeowners throughout California and the rest of America are fighting to get loan modifications as a relief from their overwhelming mortgages.
If you are interested in getting a loan modification then there is a good chance you are suffering from some serious financial problems. Most likely, there are a number of options available to you, including foreclosure, a short sale and other mortgage defaults. What many people are unaware of are the implications each of these will have on their credit rating. Pretty much any financial transaction you make will have some impact on your credit, either good or bad, and so people who are homeowners or looking to take out or adjust a loan, must pay special attention to these impacts.
Lack of Legal Help: One More Way the Deck Is Stacked Against Homeowners
As bad as America's foreclosure crisis is -- and it's very bad, with over 300,000 homes receiving a foreclosure filing every month -- it's being made even more devastating by the lack of legal assistance available to beleaguered homeowners. According to a new study by the Brennan Center for Justice, set to be released tomorrow, "the nation's massive foreclosure crisis is also, at its heart, a legal crisis" -- with the vast majority of homeowners facing foreclosure doing so without legal counsel.
A Head Start on Loan Modification “Name and Shame”
One aspect of the Treasury Department’s motivating tactics to get mortgage servicers to move more quickly on loan modifications is called “Name and Shame”, an exercise where lenders’ and servicers’ data on loan modifications are made public. Current estimates are that 2.7 million U.S. homeowners are at least two months behind on their mortgage payments but that only 230,000 had been offered trial modification under the guidelines of the administration’s Making Home Affordable plan through June.
In response to a recent article published in their newspapers, McClatchy's Washington Bureau received calls and e-mails from borrowers across the nation. Interviews with homeowners that contacted the paper resulted in the emergence of a common theme between them; that almost all said that they were told that to get their mortgages modified they would have to miss mortgage payments. After following those instructions the promised modifications were never granted. The ensuing hardships experienced by four of those borrowers were detailed in a recent story.
Why Mortgage Loan Modifications Are Increasing in Popularity
People find themselves in need of mortgage loan modification for a variety of reasons. For example, recent statistics show that the average family income has decreased over the last ten years, due in large part to the recent “Great Recession.” According to the Census Bureau’s annual report on income, poverty and health insurance, the average household income in 2008 was $50,303, down from $51,295 in 1998. This is the first full decade in the Census Bureau’s forty years of tracking U.S. household income in which the median failed to rise.
Did you know that executives throughout America are finally being brought to justice for the predatory lending and subprime mortgage fiasco? The subprime mortgages that helped ruin the current economy by taking advantage of unsuspecting home buyers were fueled, in part, by executives such as Countrywide Financial CEO Angelo Mozilo. Loan modification companies in California and the rest of the nation have been crying foul for quite a while, trying to alert authorities to the abuses going on.
Record Foreclosure Numbers Reported for Sixth Straight Month
Despite a slight decrease in home foreclosures in the month of August, many Americans are struggling to save their homes. With no one to turn to, borrowers can find themselves overwhelmed by the complex, time-consuming process of modifying their loans. The simplest way of navigating the rough economic waters is to sit down with a California loan modification attorney. Skilled loan modification attorneys can provide homeowners with options to avoid foreclosure.
Loan Modifications lead to statewide drop in foreclosure rate
More and more homeowners in California are recognizing the value ofloan modificationsin their fights to prevent foreclosure. Silicon Valley reported a sharp drop in the pace of foreclosure activity last month, due in part to the increasing number of homeowners receiving loan modifications through the Federal government’s Making Home Affordable Plan. Default notices—the first step in the foreclosure process—were also down 18 percent from July 2009, while trustee sale filings saw an 11.5 percent decrease. According to ForeclosureRadar, much of the rest of California experienced a decline in the rate of foreclosure activity similar to Silicon Valley’s during the month of August. Statewide, default notices decreased by 19 percent and trustee sale filings decreased by 14 percent.
One of the reasons a loan modification attorney is so important to the loan modification process is that there are a million details and subtle nuances involved throughout the process. For example, successfully filling out the loan modification application requires a great deal of understanding. Trying to fill out your loan modification application on your own can be even more complicated than filling out your taxes.
Here are some important tips and bits of information that will be helpful in filling out your loan modification application.
Bear Stearns and EMC Mortgage to Pay $28 Million to Settle FTC Charges of Unlawful Mortgage Servicing and Debt Collection Practices
The Bear Stearns Companies, LLC and its subsidiary, EMC Mortgage Corporation, have agreed to pay $28 million to settle Federal Trade Commission charges that they engaged in unlawful practices in servicing consumers’ home mortgage loans. The companies allegedly misrepresented the amounts borrowers owed, charged unauthorized fees, such as late fees, property inspection fees, and loan modification fees, and engaged in unlawful and abusive collection practices. Under the proposed settlement they will stop the alleged illegal practices and institute a data integrity program to ensure the accuracy and completeness of consumers’ loan information.
Seven Important Federal Loan Modification Program Facts
Every newspaper, television news outlet and website has reported on loan modifications in one form or another. Some of this reporting has given false information, bad intelligence and an overall frustrating report of the current situation. Between the increased focus on the loan modification industry, President Obama’s FDIC loan modification plan and the countless bank reports on loan modification status, people are overwhelmed with all the information on loan modifications.
US Banks are now More Likely to Offer Principle Reductions After Recent Study
High post loan modification default rates are forcing lenders to reconsider their reluctance to grant principle reductions when they modify loans. A recent study showing that 50% of loans modified in the first half of 2008 were back in default within six months has lenders scrambling to figure out how to keep their borrowers current. A different study showed that 25% of modified loans were back in default after the first payment.
The Better Business Bureau Calls ShortRefiNow.com a Scam
ShortRefiNow.com, of Roseville, California, has been labeled by The Better Business Bureau as a scam. Having received numerous complaints of shoddy service, non performance, and no refunds, the BBB issued the scam warning on March 31st. The California Department of Real Estate issued a Desist and Refrain order in February because the company lacked proper licensing to perform loan modifications. The order came along too late for Kris Pinckney who gave ShortRefiNow.com $3,000 for her loan modificationbut kept getting non answers and the runaround. When she asked her lender whether they had spoken to anyone at ShortRefiNow.com, the answer she got was that they had received one call to ask how they did refi’s. She did get a partial refund from the company.
Don't have a job? Struggling to keep up with payments on a home worth less than half the mortgage? Owe way more than your home's value, but can still afford the payments? Sorry, but you likely aren't among the 9 million people who may get help under President Obama's $75 billion foreclosure prevention program. The program, unveiled Wednesday, is being hailed as the most comprehensive fix for the foreclosure crisis plaguing the nation. The president says it helps both responsible homeowners suffering from falling home prices and borrowers either at risk of or already in default.
The loan modification process all comes down to one thing, are you qualified. Can you get the lender to agree to proceed in granting you a loan process? The key to being accepted by the lender and gain access to this saving grace is to prove without a doubt that you are suffering from some type of hardship.
LOAN MODIFICATION HELPS WITH THE THREAT OF FORECLOSURE
If you are anguishing over the possibility of foreclosure on your home, there is an option that can help save your home and dignity. With all the options that loan modificationoffers, if you qualify, you could be on your way to saving your home. Home loan modifications are established for homeowners just like you who have lost your job, had a decrease in your income or are suffering from a hardship that may be keeping you from work. These modifications will help give you alternatives to the foreclosure process.
The deep contraction in the economy and in the housing market has created devastating consequences for homeowners and communities throughout the country. Millions of responsible families who make their monthly payments and fulfill their obligations have seen their property values fall, and are now unable to refinance to lower mortgage rates. Meanwhile, millions of workers have lost their jobs or had their hours cut, and are now struggling to stay current on their mortgage payments. As a result, as many as 6 million families are expected to face foreclosure in the next several years, with millions more struggling to stay current on their payments.
You need mortgage help and have tried refinancing or a loan modificationwith your lender and both the loan work and refinance have been declined a short sale may be negotiated to avoid foreclosure. We can offer free foreclosure helpand explain the foreclosure process. To sell your home in a short sale or offer a deed in lieu may be a solution and may allow you to walk away without a deficiency. In real estate, a short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender in full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale.
Post Loan Modification Defaults and What They Indicate
A recent study showed that one half of loans modified in the first half of 2008 had slipped back into default within six months. More surprising than that number, according to figures gathered by Loan Processing Services, was that an incredible 25% of modified loans became delinquent again after just one payment. While some have used the statistics to argue that loan modifications only delay foreclosures, it’s quite possible that the numbers are indicating problems on many different levels.
Shadow foreclosures, especially in the hardest hit neighborhoods around the country, could keep a lid on any price recovery in residential real estate for much longer than estimates currently expect. These are properties that remain unlisted and unsold long after the foreclosure process has run its course. According to RealityTrac, an Irvine, Ca. company that lists foreclosed properties, the inventory of unsold homes currently sits at 3.8 million which would take about ten months to deplete at today’s rate of home sales. They state that an additional 700,000 foreclosed homes are not being included in that inventory number. Those numbers are expected to increase, at least over the near term, as the number of delinquent mortgages continues to grow on a monthly basis.
Loan modification with an Attorney can help If you are behind in your mortgage payments or have received a notice of default (NOD) you do not have to file bankruptcy to avoid foreclosure if you can’t afford your lenders demand for reinstating the loan. We have stopped foreclosure with a loan modification the day before the sale date on several occasions. Recently we had a client who was declined on two different occasions for a loan modification, once on her own and once with a loan modification company that was unsuccessful. After arguing back and forth with the lender and the threat on filing bankruptcy we were able to get a loan modification that saved our client from foreclosure. The loan was serviced by Home EQ and we are happy to announce they agreed to slash the interest rate from 8.25% to 4.00% fixed for five years. They originally insisted on $12,000 to reinstate the loan but that was impossible for our client.
The loan modification process can be frustrating and confusing for many distressed homeowners. If you are considering contacting your lender about a loan workout to avoid foreclosure, you need to get as much information up front as possible so you will be prepared to present your case in the best possible light. To help you understand how the process works and what to expect, here are the Top 10 Questions.
DISCLAIMER: We are not a law firm nor do we engage in the practice of law. Should you need legal advice and services, you should seek an attorney/law firm of your choice, or you should contact your local and/or State Bar Association. We cannot and will not, a) advise a person what his or her rights are; b) advise a person how to testify in court; or c) represent that person in court. Additionally, since we are not a law firm or an attorney, an attorney client relationship cannot be formed between our company/staff and yourself. However, if you are not seeking legal advice or services, but rather need assistance with document preparation, then we are dedicated to serving your needs with the highest level of professionalism and confidentiality.
Modifyit4less does not guarantee any results from the use of our software. The software is simply a tool to assist you preparing a loan modification package. Modifyit4less does not warrant that your lender will accept your modification package or modify the terms or come to any loan resolution on your note. Please speak with your lender for specific qualification parameters and requirements.
Helping Clients With The Loan Modification Process In The Below States:
In the midst of the ongoing 
Over the last three years, banks have failed at an increasingly alarming rate. This year, more banks have failed in the first seven or eight months than in all of last year. Recently, the failure of a behemoth bank named “Colonial BancGroup” out of Alabama was shocking. The bank had tens of billions of dollars in assets, including quite a few billion dollars in 
The Los Angeles Times reported that banks are moving extremely slow in 
As the California State Bar, the California Attorney General’s Office, and the California Department of Real Estate work together to clean up the 
Since the real estate crisis began two or three years ago, 
If you are interested in getting a 
At the 
One aspect of the Treasury Department’s motivating tactics to get 
People find themselves in need of mortgage 
Did you know that executives throughout America are finally being brought to justice for the predatory lending and 
Despite a slight decrease in 
More and more homeowners in California are recognizing the value of 
One of the reasons a 
The Bear Stearns Companies, LLC and its subsidiary, EMC Mortgage Corporation, have agreed to pay $28 million to settle Federal Trade Commission charges that they engaged in unlawful practices in servicing consumers’ 
Every newspaper, television news outlet and website has reported on loan modifications in one form or another. Some of this reporting has given false information, bad intelligence and an overall frustrating report of the current situation. Between the increased focus on the loan modification industry, President Obama’s FDIC loan modification plan and the countless bank reports on loan modification status, people are overwhelmed with all the information on loan modifications.
High post 
ShortRefiNow.com, of Roseville, California, has been labeled by The Better Business Bureau as a scam. Having received numerous complaints of shoddy service, non performance, and no refunds, the BBB issued the scam warning on March 31st. 
The 
If you are anguishing over the possibility of 
The deep contraction in the economy and in the 
You need 
A recent study showed that one half of 
Prior to 
