F.A.Q.
Q: What is a Loan Modification?
A: A loan modification is a permanent change in one or more of the terms of a borrower’s loan, allowing the loan to be reinstated, and resulting in a payment the borrower can afford
Q: Why would a lender accept a loan modification?
A: A lender would accept a loan modification because going through with the foreclosure process is timely, expensive and damaging on their books. Especially in today’s market of high foreclosure inventory and declining home values, it is in the lender’s best interest to negotiate the terms of loan and keep the borrower in the home long term.
Q: How is Stop Your Foreclosures Now different from other loan modification companies?
A: We are not loan modification “consultants”, we are a team of attorneys, brokers and loss mitigation specialist here to negotiate for you. Our attorneys know the law enabling them to get the best possible solution and negotiate your best interests.
Q: How do I know if I qualify for a loan modification?
A: You submit all your financial and mortgage information to our experts and we analyze your numbers. We will then be able to pre-qualify you for a loan modification and consult with you your best options. This consultation is absolutely FREE, no retainer fees, no up-front fees.