Central Jersey FCU is a Federal Credit Union that predominantly focuses in local retail banking in New Jersey. If your mortgage is currently held by Central Jersey FCU and you are facing financial hardship, modifying your home loan through a mortgage modification may be the best way to avoid foreclosure, and lower the amount you are paying each month.

Most likely your familiar with loan modifications; lately there has been a huge amount of media attention on the subject as so many homeowners across America are using loan modifications as their means to achieving financial stability.

Most lenders do not want to foreclose on homes; it costs the a significant amount of time and money, and Central Jersey FCU is no different. Getting a loan modification in fact has never been easier as Central Jersey Federal Credit Union now participates in President Obama’s Making Home Affordable Program.

How does this make getting a loan modification easier? Well, Making Home Affordable is a Government Program designed to aid borrowers that are facing financial difficulty. HAMP levels the playing field, setting a specific set of guidelines under which deserving homeowners can modify their loans provided they meet basic qualifications.

Most lenders that participate in HAMP have received bailout funds under TARP, and additionally receive financial incentive from the Government for each and every loan they modify.

Regardless of whether you are current or late on your mortgage, if you meet the loan modification program guidelines and financially are facing hardship, you do in fact qualify for a loan modification. If you are missing mortgage payments, a loan modification can help get rid of those high late and legal fees, and help you stop foreclosure. If you are “on-time”, taking a look at a mortgage modification or loan workout may be in your best interest to help lower the amount you are paying each month and make your housing expenses more affordable.

So I may qualify for a loan modification. How can a loan modification help me? A loan modification can help you lower the amount you are paying each month on your mortgage through a decrease in your interest rate, payment, and possibly lower the amount you owe. Also, a loan modification can extend the number of years you have to repay your loan, and even help to forgive legal and late fees that may have been accrued. For more information on how a loan modification can help your financial situation, complete the application form on the top right of any page of this website! Apply now!

If your mortgage is currently held by Central Jersey FCU, we’d be happy to take a look and help you qualify for a loan modification under Making Home Affordable, and answer any questions that you may have!

The Central Jersey FCU loan modification process under Making Home Affordable is fairly simple, but there are a few pitfalls to avoid. The first step in getting a loan modification from Central Jersey FCU is to create a financial prospectus. A financial prospectus is merely a detailed list of all income, expenses, and assets.

When you have finished writing up your financial worksheet, it’s time to determine whether or not you qualify under the Making Home Affordable guidelines. A detailed post on Making Home Affordable Requirements & Guidelines can be found here.

Be sure that you read the above referenced post on qualifying for Making Home Affordable; often we are contacted by homeowners that have already presented information that precludes them from qualifying for a loan modification, and this makes it very, very difficult to get them the help they need.

Document your financial hardship and support your qualification for HAMP by gathering the following documents, which are required by the Central Jersey FCU:

• Hardship Letter
• Last 2 Years W-2s
• Last 2 Months Paystubs
• 3 Months of Bank Statements
• Last 2 Years Federal Tax Returns
• (If Self-Employed) 6 Month Profit & Loss Statement

Now that you have determined your eligibility, qualification, and gathered the required documentation, it’s time to contact Central Jersey FCU; they can be reached at (732) 634-0600 x 4132.

When you being speaking with a loss mitigation specialist, calmly and clearly convey the reason for your financial hardship, and explain that you qualify for the Making Home Affordable Program. Present your financial information, and submit the required documentation to Central Jersey FCU’s loss mitigation department. Clearly convey your intention to keep your home and your desire to come to a mutually beneficial agreement.

Be sure to log all dates of submission of documents, and keep a conversation log of what has been said and when. Upon completion of the negotiation process, sign the loan modification agreement sent to you via mail, return, and enjoy the rewards of your hard work!

If your having a tough time getting a loan modification, and your mortgage is held by Central Jersey FCU, we’d be happy to help answer any questions you may have or even possible represent you. To get loan modification help, simply complete the quick application form on any page of this website, and an expert will contact you immediately!

Central Florida Educators (CFE) FCU is a Federal Credit Union specializing in retail banking in the Central Florida area since 1937. If your mortgage is currently held by CFEFCU and you are behind on your mortgage, or if you are worried about becoming behind and having trouble making your monthly payments, this information may help you.

Central Florida Educators Federal Credit Union has accepted TARP Bailout funds from the Federal Government, and now participates in Obama’s Making Home Affordable Program. Making Home Affordable is a Government Program designed to help homeowners avoid foreclosure and lower their mortgage payments through a process called loan modification.

A loan modification is the single best way to stop foreclosure and truly find financial stability; by definition, a mortgage modification is an agreement between borrower and lender to lower the payment of the borrower to an affordable amount, so both parties can avoid the cost and inconvenience of foreclosure.

Loan modifications can lower the interest rate of the existing mortgage, change the duration (number of years) of the loan, decrease the monthly payment, possibly decrease the total amount owed (principal balance) of the loan, forgive legal and late fees, and restructure overdue debt.

Loan modifications help many homeowners are able to lower their monthly mortgage payments by multiple hundreds if not thousands of dollars each and every month.

If your mortgage is currently held or being serviced by Central Florida Educators Federal Credit Union, and you are looking for more information or help on getting a loan modification, we’d be happy to take a look at your case and help you qualify for a loan modification that meets Making Home Affordable Guidelines.  Apply here!

Quite obviously, the first step in getting a loan modification from CFE FCU is to determine whether or not you financially qualify for a loan modification. For more in depth information on how to qualify for a loan modification under the Home Affordable Modification Program (HAMP), a detailed article can be found here, or additional guidelines can be found by visiting makinghomeaffordable.gov.

To determine whether or not you qualify for a loan modification, draw up a detailed list of all sources of income, each and every monthly expense, and total all available assets. Document the information that you are listing by gathering the documentation required by the Central Florida Educators Federal Credit Union loan modification program, which is:

• Last 2 years tax returns
• 2 Years W-2s
• 2 months paystubs
• 3 months bank statements
• 3 month Profit & Loss statement (if self-employed)

Additionally, you will need to write a hardship letter; more information on how to write a hardship letter can be found here.

When you have gathered all the required documentation, created your financial prospectus and hardship letter, and made sure that the information you are presenting does in fact qualify you for a loan modification with Central Florida Educators FCU, now it is time to contact the loss mitigation department, which can be reached at (800) 771-9411 or (407) 896-9411.

Present the information that you have gathered above in a clear concise manner, and explain that you do in fact qualify for a loan modification under Making Home Affordable. Be sure to write down and log each and every date or notable event in the loan modification process, including the date and time of submission of documents, follow up calls, and expected time table.

A loss mitigation specialist will be assigned to negotiate the terms of your loan modification. When negotiating, re-iterate your intent to keep your home, your inability to make the current payment, and your ability to pay the lower payment that you are asking for. Stick to your guns, and don’t be tricked into agreeing to a higher payment than you can afford under program guidelines.

If at any point during the loan modification process you are having a tough time, and you want an immediate expert opinion, complete a contact form on the top right of each and every page of modificationzoom.com. We are happy to help you qualify for a loan modification and answering any questions you may have.

Let me start by saying if your mortgage lender is Carrington, you may be facing an uphill battle in getting them to modify your loan. Loan modification requests have often been arbitrarily declined in the past, and there exists a horrific track record of not diligently helping homeowners that qualify for assistance, although lately Carrington has shown some improvement in helping homeowners that are facing financial hardship.

A good deal of the loans currently held by Carrington Mortgage Services actually were originate by New Century, a loan servicer notorious for originating high interest rate subprime mortgages that set borrowers up for financial failure 2 or 5 years in the future.

Bruce Rose, CEO of Carrington Mortgage Services

The amount of dirt on Carrington Mortgage Services goes back years; here’s a previous entry I wrote about Carrington: Carrington Mortgage Loan Modification Epic Fail. Recently, Bruce Rose, CEO of Carrington was listed with NACA as one of their ten most wanted financial predators, and they have faced a number of lawsuits for unfair and deceptive business practices.

Rather than focusing on the bad however, let’s focus on the positive, and why you most likely are here; Let’s talk about how you can get a loan modification from Carrington.

Carrington participates in Obama’s Making Home Affordable Program. How does this help you? Well, HAMP (Home Affordable Modification Program) has set guidelines that make it easier for homeowners like yourself to get a loan modification that will allow you to afford your monthly mortgage payments.

We’ll get back to Making Home Affordable and qualification for this program in a minute. First things first, if you’re not familiar with what a loan modification is or the general process for getting one, I suggest you take a look at the Loan Modification Q&A here.

Getting a mortgage modification can help you in so many ways, and if you manage to wrestle a good loan workout from Carrington, you will probably reap the benefits of saving hundreds if not thousands of dollars per month as a result of lowering your monthly payments, interest rate, and possibly even the amount that you owe on your mortgage.

If you want to take the guesswork out of the loan modification process, and are having trouble getting a Carrington loan modification, complete the contact form to the right; we’ll call you immediately and coach you.

Prior to calling Carrington, which can be reached directly at either (800) 790-9502 or (877) 206-9904, be sure that you put together a hardship letter, as well as a detailed and complete list of all income, assets, and expenses. Take a look at the Making Home Affordable Guidelines here prior to submitting your package and make sure that you qualify.

Often, homeowners contact us that have already submitted financial information to their lender that does not qualify them for a loan modification, which makes it that much harder for us to qualify a homeowner that has already been declined.

When you are absolutely positive that you qualify for a loan modification and have completed your hardship letter and financial prospectus, begin gathering supporting documentation to reinforce your case: You will need a copy of 2 years W-2’s, 2 years tax returns, the last 2 months paystubs, 3 months bank statements, a the most recent copy of your mortgage statement or coupon.

Eventually these documents will be reviewed by a Loss Mitigation Specialist and / or Negotiator at Carrington, who will give a yea or nay on your loan modification request. It is very important to advocate for yourself, and negotiate the very best terms possible on your loan modification.

I hope this helps; if you are in need of professional assistance, any of us here at Modification Zoom would be more than happy to help you. More information on Carrington is posted here regularly so check back often, or subscribe to our rss feed for news and updates!

CCO Mortgage (also known as Citizens Bank) provides a number of loan modification programs to help borrowers stop foreclosure and lower their payments. Additionally, Citizens Bank now participates in President Obama’s Making Home Affordable Program.

Regardless of whether or not you are current on your mortgage, if Citizens Bank is your lender, we most likely can qualify you for a loan modification. Actually, if you are behind on your mortgage, this may create even more of an incentive for Citizens Bank to modify your loan. If you are on time, getting a loan modification is still possible, and modifying now can avoid irrevocable damage to your credit.

How can this help you? Well, a loan modification can help you decrease your interest rate, payment, and possibly even the principal balance of the loan. An aggressive loan modification can help you keep your house, and in the process lower your payment by hundreds if not thousands of dollars.

Let’s take a look at what exactly a loan modification is: A loan modification is an agreement between you (the borrower) and your lender (Citizens Bank) to lower your mortgage payments to an affordable level to help you avoid foreclosure. Citizens Bank has faced significant financial setbacks over the last two years due to the high number of foreclosures, and, as such is willing to work with qualified homeowners to lower their monthly payments and help them keep their homes.

When applying for a loan modification with Citizens Bank / CCO Mortgage, it’s important to remember that the primary basis of whether or not you will be approved for a loan modification is based on whether or not you are facing what Citizens will look at as an “acceptable financial hardship”.

Citizen’s Bank and CCO Mortgage’s loss mitigation guidelines cover a number of acceptable financial hardships, here are a few of the more common ones: Decrease in income, job loss, unemployment, adjustment of an ARM (Adjustable Rate Mortgage), any increase in mortgage payment, death in the family, illness, disability, child birth, excessive credit card debt, decrease in assets, and increases in other household expenses.

As previously stated, Citizens Bank now participates in the Making Home Affordable Program, meaning that it’s conceivable to get an interest rate as low as 2% on a 30 year fixed loan through an aggressive loan modification. For more information on the Making Home Affordable Program, check out these HAMP Guidelines.

If your mortgage is currently held by Citizens Bank, it may be in your best interest to take a look at a loan modification as you are most likely paying more than you have to on your mortgage.

Items You Will Need When Applying for a Loan Modification

When applying for a loan modification with Citizens Bank, you will need to document your income, assets, and expenses. Here’s a quick list of what you will need:

• Last 2 Years W-2’s
• 2 Yrs. Tax Returns
• 2 Months Paystubs
• 3 Month Bank Statements
• Copy of Latest Mortgage Statement

Please note that Citizens Bank may ask for additional supporting documentation when reviewing your loan modification package.

What to do When You Call Citizens Bank

You can reach the Citizens Bank Loss Mitigation Department directly at (800) 234-6002. Now, as with most lenders Citizens Bank has two different departments that field calls on delinquent loans and how homeowners are treated and the help they receive varies base upon which department of Citizens they have reached!

The first department of Citizens Bank that speaks to delinquent homeowners typically is their collection’s department, who will try to get the homeowner to catch up by immediately paying back the amount they are late on, including the legal and late fees that Citizens Bank assesses.

The second department at Citizens consists of loss mitigation specialists and negotiators. Modification Zoom has significant experience working with lender loss mitigation departments and getting the best loan modifications for our clients. If you believe you need help getting a loan modification from Citizens Bank / CCO Mortgage, complete the form to the right, or apply here.

Often, homeowners contact us after they have presented financial information to their lender that makes it impossible for them to get a loan modification. If you do not have years of loss mitigation experience, the time to learn is not on your own foreclosure.

Modification Zoom can help get a loan modification from Citizens Bank / CCO Mortgage that will put you in a much better financial situation. Complete a form on any page of this website, and we will contact you immediately. The consultation is quick, absolutely risk free, and completely confidential. Take the first step today!

Looking for information on loan modification programs with Bay Federal Credit Union? You’ve definitely come to the right place. Bay Federal Credit Union is relatively lesser known full service, not-for-profit financial cooperative that services mortgage loans. This post can help you stop foreclosure and lower your monthly payments.

It’s advised that you try first contacting your lender prior to engaging outside services, as well as at least touching base with a HUD approved counselor at (800) 569-4287. Again, if your having trouble making your payments and your loan is serviced by Bay Federal Credit Union, please contact Megan Rhodes directly at (831) 477-8689 to discuss your options.

I want your feedback; if your mortgage is held by Bay Federal, I want to know how your loan modification request is going and what kind of service you are getting.

Getting a Bay Federal Credit Union Credit Union loan modification can be a difficult and time intensive process; however, Bay FCU has accepted TARP bailout funds from the Federal Government and now participates in the Making Home Affordable Program.

How does this increase your chance for getting a loan modification? Well, here’s the scoop on Bay Fed: Bay Federal Credit Union is owned by its account holders, meaning any possible in house loan modification program may have a number of undue complications, hurdles and hoops to jump through on the road to a successful financial solution to high mortgage payments and/or foreclosure. Participating in the Making Home Affordable Program (HAMP) means that any loan modification request with Bay Federal Credit Union will meet the same guidelines and due diligence as many of the other major mortgage servicers, including Wells Fargo and Bank of America!

Most likely if your loan was originated any time over the duration of the last 10 years, you are probably paying too much every month.

Now, traditionally, when homeowners want to lower their mortgage payments and interest rates, they take a look at refinancing, however a loan modification is a much better way to lower interest rates and payments, and can even stop foreclosure. A loan modification with Bay Federal Credit Union does not have nearly the fees of a refinance, and can save homeowners far more money; it’s possible to get a 2% interest rate on a 30 year fixed or 40 year fixed mortgage with a loan modification, which can save homeowners hundreds if not thousands of dollars each and every month.

Items You Will Need When Applying for a Loan Modification

You will need to document all income and expenses. As such, the following documentation is necessary when applying for a Bay Federal Credit Union Loan Modification:

1. 2 Years Tax Returns
2. W-2’s
3. 2 Months Paystubs
4. 3 Months Bank Statements
5. Copy of Mortgage Statement(s)

Please note that Bay FCU may require additional documentation when processing your loan modification request.

What to Do When You Call Bay Federal

You can reach the Bay Federal Credit Union Loan Operations Department directly at (831)479-6000 ext. 304. Now, Bay Federal has two different groups of employees that speak with delinquent borrowers, the first of course being the collections department, who will try to get money from you to have you catch up on the amount you are past due. This is not the department you want.

The second group consists of loss mitigation specialists. Modification Zoom has extensive experience working with lender loss mitigation departments and wresting aggressive loan modifications for clients. If you believe you may need help, complete the form to the right or apply here.

Often times, homeowners approach us that have already contacted their mortgage lender, and unfortunately they have presented financial information that makes it impossible to get a loan modification. Truly, if you do not have years of experience handing hundreds or thousands of loan modification files, the time to learn is not on your own foreclosure.

Modification Zoom can help you get a loan modification from Bay Federal Credit Union that will put you in a far better financial situation; we offer a completely free no obligation consultation that can help you qualify for a loan modification, and taking the first step is as simple as gathering the above documentation and completing a contact form on any page of this website.

Bank United offers a number of loan modification programs that help homeowners retain their homes. Additionally, Bank United offers a plethora of other loss mitigation solutions, including Payment Plans, Short Sales, Deeds-in-Lieu of Foreclosure, and Waived Prepayment Penalties on option-Arm loans.

Regardless of whether or not you are late on your mortgage, we most likely can get you qualified for a loan modification with Bank United, in fact, if you are current on your mortgage it may be in your best interest to contact us prior to falling behind; falling behind on your mortgage payments can reduce your credit score as much as 100 points. You do not have to be behind on your mortgage to get a Bank United loan modification.

If you are currently late on your Bank United mortgage, don’t despair; you are a prime candidate for a loan modification, and we are here to help you!

A loan modification is an agreement between you (the homeowner) and your lender (Bank United) designed to decrease your monthly payments to an affordable amount to help you keep your home. Bank United has faced significant monetary losses over the duration of the last year due to foreclosures, and subsequently is quite motivated to help modify loans for deserving homeowners that can document a significant hardship, as well as the ability to repay their mortgage at a lower payment.

One of the most significant factors in getting approved for a loan modification with Bank United is having a legitimate and documented financial hardship that is the cause for your inability to make the high mortgage payments that you currently have, and will prompt Bank United to grant a request to modify your mortgage payment to a lower amount.

There are a number of acceptable hardships that will help your loan modification case. Some examples of Bank United acceptable hardships are reduction of income, unemployment, underemployment, job loss, decrease in self-employed income, death, illness, disability, increase in mortgage payment or other monthly household expenses, decrease in cash reserves, & excessive monthly payments to creditors.

Bank United now participates in the Making Home Affordable Program, meaning that it may be possible to modify your loan to an interest rate as low as 2% on a 30 year or 40 year fixed term. Here’s more information on Making Home Affordable Requirements & Guidelines.

We have extensive experience working with Bank United to help homeowners achieve fantastic results on their loan modifications, and welcome the opportunity to help you achieve a loan modification that will lower your payments hundreds, possibly thousands of dollars each month. In fact Bank United is quite responsive to Attorney qualified written requests.

If your loan is currently held by Bank United, it may be in your best interest to take a look at a loan modification as you most likely are paying more than you have to on your mortgage. Please take a look through the rest our website for more information on Bank United loan modifications, basic questions on the modification process, and the HAMP program. We welcome your feedback; leave a comment below about your experience with Bank United, or complete an application with us and we will contact you immediately.

If you are looking for a loan modification through American Eagle Federal Credit Union, you’ve come to the right place!

American Eagle Federal Credit Union seems to be committed to helping homeowners avoid foreclosure and save their homes, and they typically respond promptly to loan modification requests. American Eagle Federal Credit Union is a lesser known mortgage lender that primarily operates as a full service credit union, offering such banking products as checking and savings accounts, CD’s, etc. in addition to mortgages.

Why is this of importance to you? Well, a mortgage modification can help you decrease your interest rate, monthly mortgage payments, and possibly even the amount you owe on your mortgage through a loan modification agreement.

It’s of little consequence which lender you have when it comes to paying too much on your mortgage each month, and, most likely, if your loan was originated over the duration of the last 10 years, you probably are paying too much for your mortgage.

American Eagle FCU now participates in Obama’s Making Home Affordable Program, which allows homeowners to modify their mortgages to 2% on 30 or 40 year fixed terms, depending on financial hardship.

Regardless of whether you are current or behind on your mortgage payments you can qualify for a modification under Making Home Affordable.

Like most Mortgage Servicers, American Eagle FCU responds most favorably to attorney assisted loan modification requests. Modification Zoom’s contract attorneys are well versed in helping servicers come to the realization that it is in their best interests to protect the homeowner’s best financial interests.

As American Eagle FCU has accepted TARP funds from the Federal Government and participates in Making Home Affordable, they are required to grant loan modification requests to qualified homeowners facing financial hardship. Here at Modification Zoom, our expert loss mitigation specialists can help you ensure that you are 100% within the loan modification program guidelines to guarantee that you will get an aggressive loan modification.

Making sure that you qualify is just one of the awesome things that we do here; our Contract Attorneys go to bat for homeowners every day, and negotiate as many times as necessary until the results that the homeowner needs are achieved.

If American Eagle Federal Credit Union currently holds your mortgage, Modification Zoom is more than happy to review your case, and if you qualify for a loan modification, represent you and get the job done quickly and ethically. To find out more about qualifying for a loan modification with American Eagle FCU, complete the form to the right, and we will contact you immediately!

If you are in need of an Allstate Loan Modification, you’ve come to the right place! Allstate Mortgage Loans & Investments is a lesser known mortgage servicer that has shown considerable commitment in helping homeowners that are facing financial hardship achieve aggressive loan modifications. Currently, there are no known in-house loan modification programs with Allstate Mortgage Loans & Investments, however, they do grant loan modifications in accordance with Home Affordable Modification Program (HAMP) Guidelines.

What does this mean to you? Well, it is possible to get a loan modification if your loan is currently held by Allstate Mortgage. A loan modification can help you lower your monthly payments, interest rate, and even possibly lower your mortgage balance through principal balance reduction.

Most likely, if your mortgage is currently held by Allstate, you’re probably paying too much on your monthly payments. You do not have to be delinquent (late) or behind on your mortgage to qualify for a loan modification with Allstate, however, if you are currently behind on your mortgage this will greatly help your case and increase the chances of getting an aggressive modification, quickly.

As previously stated, Allstate Mortgage Loans & Investments now participates in Obama’s Making Home Affordable Program, which is amazing news for homeowners that currently have mortgages with Allstate. Under the Home Affordable Modification Program (HAMP), the loan modification side of Making Home Affordable, borrowers can lower their interest rate as low as 2% on 30 or 40 year fixed term mortgages.

If you are in need of a Allstate loan modification, whether it is to lower your payments, or you are facing foreclosure and are in danger of losing your home, get guaranteed help. Do not put your financial future exclusively in the hands of the lender that may have put you in a bad loan to begin with.

For a referral to the very best Loan Modification Attorney in your area, complete the application to the right, and a Modification Zoom Loss Mitigation Specialist will contact you immediately and go over your financial situation and place you in touch with a great, reputable Attorney to help you get the best Allstate Loan Modification possible!

There are a number of complaints against American Home Mortgage Servicing / Option One Mortgage which can be found here. If you are a homeowner who’s mortgage is currently held by Option One or American Home Mortgage, you almost definitely need quality legal representation. We are happy to help; complete a form to the right for free advice.

I’m definitely impressed with American Home Mortgage Servicing, Inc’s commitment to helping homeowners that are facing financial hardship get loan modifications. American Home Mortgage has shown that it’s quite aggressive in lowering monthly mortgage payments for homeowners that show they are going through tough times, and they typically respond diligently to qualified modification requests.

How can this help you? Interestingly enough, a loan modification can help you lower your interest rate, mortgage payments, and possibly even the amount you owe. Through a loan modification with American Home Mortgage, if you are past due on your payments, you may have the past due amount placed on the back of the mortgage, and even have legal and late fees waived!

By definition, a loan modification is an agreement between homeowner and lender to change (modify) the terms of the existing mortgage such that it is more affordable to the homeowner. American Home Mortgage has accepted TARP funds, and as such, will grant qualified requests for loan modification that fall under Making Home Affordable Guidelines.

Truth be told, sometimes American Home Mortgage does need a push in the right direction, and that’s what we are here for! Modification Zoom’s Contract Attorney’s guarantee 100% that we can negotiate an aggressive loan modification with AHMS!

Most likely, if you’re loan was originated any time over the last decade, you are probably paying too much each month, and an American Home Mortgage Loan Modification is simply the most cost-effective, aggressive solution to help you lower the amount you pay each month. We take away the headache and guarantee quick, ethical, and effective results.

If your having trouble making your payments each month, there’s absolutely nothing to be ashamed of! Many homeowners having trouble have the option to modify or change certain parts of their agreement with their lenders to make the financial burden of their monthly payments a little easier to bear. Sometimes, simply lowering your interest rate or payment by hundreds of dollars can help you manage those high mortgage payments and avoid foreclosure.

Now, you don’t necessarily have to be late on your mortgage to qualify for a modification, however, if you are currently behind on your mortgage, this won’t hurt your case. Through the Making Home Affordable Program, which American Home Mortgage Servicing participates in, it’s possible get an interest rate as low as 2% fixed!

If you are in need of a loan modification, or if you simply want to get more feedback on loan modifications and see if you qualify for a modification with American Home Mortgage or Option One, complete the form to the right and we will contact you immediately!

Aurora has made considerable strides in their efforts to help homeowners achieve loan modification, having significantly decreased phone hold times, as well as notably making increased efforts to help homeowners who are facing pending foreclosure, but they still play dirty and you may need professional help.

Aurora was a predominantly subprime lender during the boom, and most likely if your loan was originated with Aurora you are paying way too much for your mortgage, in addition to facing very adverse loan conditions; you may be in an adjustable rate mortgage (ARM) or interest only loan, or have an interest rate that is simply too high. Suffice to say, if you’re looking for an Aurora loan modification, you’ve come to the right place!

Getting an Aurora loan modification can help you to lower your interest rate, monthly payments, and possibly even the amount that you owe on your mortgage. Additionally, you may be able to modify the terms of your loan, including the length of time of the line as well as converting your loan to a fixed rate mortgage.

Aurora has shied away from in-house modification programs and has opted instead to help homeowners through a combination of Obama’s Home Affordable Modification program, as well as horrific forbearance agreements for those that do not qualify.

I can’t iterate this enough, but almost always a forbearance agreement from Aurora is nothing more than a repayment plan in which a number of fees, such as legal and late fees will be paid by you, the borrower, that would normally be waived after a successful modification.

Generally, forbearance agreements are a bad idea, especially if you can qualify for a modification or get attorney help to force your lender to modify. In Aurora’s case, forbearance agreements are almost assuredly a kiss of death to your financial situation; I’ve lost count of the number of homeowners that ended up with a higher monthly payment through forbearance agreement. How on earth is this going to help the homeowner? If they are delinquent and can’t afford their current payment, how are they going to afford a higher payment for the duration of the agreement to catch up?! Ok, enough on this for right now…

Now, Aurora participates in Making Home Affordable, however, there are a number cases in which homeowners that qualify for HAMP and get Trial Loan Modifications are never rolled into permanent modifications. The only way to know for sure whether or not your HAMP modification is going to stick is through an NPV test in exact accordance with Aurora’s guidelines, including their specific re-default rate. Modification Zoom has helped many homeowners kicked out of Trial Modifications to get back into HAMP and get permanent modifications. Contact us if you are having trouble with Aurora!

Depending on your financial hardship, we can help you get qualified for a loan modification with Aurora as low as 2% on a 30 year or 40 year fixed term.

If you are facing financial hardship and having a tough time getting a loan modification from Aurora Loan Servicing, take away the guesswork and let Modification Zoom’s dedicated staff get you the very best, 100% guaranteed loan modification.

Take the first step by using the contact form to the right. A professional will contact you immediately to discuss your financial situation, and help find the best solution.