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 Consumer Alert -
Advance Fee and Loan Modification Services
Important Notice: Advance Fees for Loan Modifications are now prohibited, even by those companies that were perviously approved to accept them. On October 11, 2009, Governor Schwarzenegger signed Senate Bill 94 (Calderon), and the legislation took effect immediately upon his signature.
ADVANCE FEES FOR LOAN MODIFICATIONS ARE NOW
PROHIBITTED BY LAW!!!
Governor Schwarzenegger, having signed Senate Bill 94 (Calderon); this bill prohibits any person, including Real Estate Licensees and Lawyers, from demanding, charging, or collecting an Advance Fee from a consumer for loan modification or mortgage loan forbearance services on those residential properties that are 1 to 4 units, of which it is the owner occupied residence of the mortgage loan holder. AS OF OCTOBER 11, 2009, IF YOU ARE APPROACHED BY ANY PERSON REQUIRING ADVANCE FEES FOR THESE SERVICES DO NOT PAY THEM. IT IS AGAINST THE LAW; THEY ARE COMMITING A CRIME.
LOAN MODIFICATION
It's hard to get one, but if you don't A.S.K. you don't G.E.T.
“Fix” Your Loan and Keep Your Home
If you are tired of watching your homes value decline, because people around you sell their homes short, or just walk away and let the property go back to the bank and become an REO; then to be sold by the bank for tens of thousands less, further adding to the decline in home values; while you continue to pay on an antiquated mortgage program, which in most cases is no longer even offered by the banks, because it's from a past economy, based on inflated market values. And your still paying on that mortgage program in these hard economic times. There are options.
Let MortgageFixers® provide you, a “Mortgage Fix”
70% of homeowners that enter into a loan modification fall back into hardship, default and foreclosure on their modified mortgage within 7 to 12 months.
We at MortgageFixers® do not do Loan Modifications!
We RESTRUCTURE MORTGAGEs and DEED OF TRUST Loans.
We are a Loss Mitigation Firm, we provide for what is termed an "LLMO" or Lender Loss Mitigation Option, of which loan modification is just one. Most Investor held mortgages prefer HAFA.
85% of loan modifications do not work. You may get the Trial Payment Plan, but not the full modification.
We may find that after all is said and done, a loan modification may not be for you, but if it is,
A Real Estate Licensed professional (AT NO CHARGE TO YOU) will assist YOU to advocate On Your Own Behalf for a:
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*REDUCTION OF INTEREST RATE
*FORGIVENESS OF PAST DUE AMOUNTS
*LOWER MONTHLY PAYMENT
*FIX RATE LOAN
*In very limited cases we may even be able to achieve a REDUCTION OF PRINCIPAL |
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We first "review and analyze" your mortgage to see if you qualify for a modification; if you do;
You decide if you want to go through what it takes to get Modified;
If you don't qualify we provide you with other loss mitigation options, it's that simple.
REMEMBER!
YOU CAN ALWAYS TRYING CALLING YOUR LENDER/SERVICER YOURSELF TO MODIFY, YOU DON'T NEED TO PAY US OR ANYONE ELSE FOR A MODIFICATION.
Please navigate our website to learn more about us, what we do for you, and how easy it is to get started.
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