What is a Loan Modification?

A Loan Modification is a change to an existing loan to a more affordable level by a lender in response to a borrowers long term inability to repay it. Loan Modifications typically  involve a reduction in the principal balance, interest rate or an extension of the length of the term of the loan, or any combination of the three. You may qualify if you have recovered from a hardship and can afford the new payment amount.

What can Home Owners Help Ceter do for me?
If, after your FREE Consultation, we determine that we can help you, there are several options we can take to keep you in your home. s Loan Modification and Forbearance Agreement,  are some of the options we can use.  Call us so we can educate and guide you to determine your best options.

What can loss mitigation do for me?
The goal of loss mitigation is to work out an agreement between the homeowner and the lender that will stop foreclosure proceedings permanently. This allows homeowners to stay in their homes and protect their credit history.

How can HOME OWNERS HELP CENTER  help me?
Our company specialize in resolution of mortgage delinquencies. We perform a detailed financial analysis and work with you to determine your best alternatives. We review your lender's loss mitigation policies and your state's foreclosure law to make sure that we give you the best service within the context of your situation. By working with you and your lender, we can tailor a resolution to meet your specific criteria and financial circumstance.

What makes HOME OWNERS HELP CENTER different FROM ANY OTHE COMPANY?
Our Loan Modification Partnership Agreement, which is a personal instructional approach that provides a step by step educational process which educates you (the Homeowner) with industry knowledge. (1) We provide you with a manual, (2) We provide you with a weekly webinar  that forms the foundation for your education. (3) We provide you with Fiscal Behavior Modification Strategies.Give us a call, and speak with one of our professionals and judge for yourself. The consultation is FREE.

Should I negotiate with the lender myself?
Yes.  if you have the time and the resources at your disposal, by all means, go ahead, but remember there are special underwriting guidelines and established parameters, in order to qualify for the different programs,  you will be better served by professionals who are well versed in the usage of these protocols .  

How long does it take for you to complete the modification once we fill out all of the paperwork?
Anywhere from 2 days to a few months. Typically it takes 30-90 days to complete a work out agreement.

Do I have enough time to save my home?
If a sale date for your home has been set, and it is thirty (30) days or less, you must take immediate action. After reviewing all of the facts surrounding your individual situation, we may accept your case if we feel we can negotiate to stop the foreclosure,  while we work on a modification.

I'm currently in bankruptcy. Can you still help?
Yes. But we cannot negotiate a work-out agreement with your lender until your mortgage has been discharged or dismissed from the bankruptcy proceedings. Our professional loss mitigation consultants can still evaluate your case and explain the best options to save your home. Then, when the mortgage is out of bankruptcy, we can proceed with the home foreclosure assistance. 

I've already talked with my lender and they just want all their money. Can you still help me?
Yes. Most of our clients have already experienced this kind of inflexibility from some of their lenders before calling us. . We have negotiated positive solutions for a myriad of desperate homeowners. We will use our experience and expertise to your advantage.

Should I file for bankruptcy to save my house?
The American Bar Association has reported that 96% of homeowners who declare bankruptcy end up losing their homes to foreclosure anyway. Bankruptcy is very unlikely to help you save your home. If you declare bankruptcy, you will likely end up with BOTH a bankruptcy and a foreclosure on your credit report.

What if I can no longer afford my home? Can HOME OWNERS HELP CENTER still help me?
Yes. If you are certain that you cannot afford your home any longer and wish to sell, we may be able to help you to secure a short sale payoff or a deed-in-lieu of foreclosure agreement with your lender. Most of the time these agreements can be arranged at low or no cost to you. 

Is it possible to stay in my house after foreclosure proceedings begin?

Contrary to what you might think, there are still options available to you after the foreclosure process has started. The sooner you fill out the form below, the more tools we'll have to help you fix your situation.

Do I need to be behind on my mortgage payments to be eligible for a Home Loan Modification?
No. Responsible borrowers who are struggling to remain current on their mortgage payments are eligible if they are at risk of imminent default, for example, because their mortgage payment has recently increased to a level that is not affordable. If you have had or anticipate a significant increase in your mortgage payment or you have had a significant reduction in income or have experienced some other hardship that makes you unable to pay your mortgage, contact your servicer. You will be required to document your income and expenses and provide evidence of the hardship or change in your circumstances.

I have a second mortgage. Am I still eligible?
Yes, but it is advisable to take care of the first one immediately.

How do I know if my servicer is participating? Are all servicers required to participate?
Servicer participation in the program is voluntary. However, the government is offering substantial incentives to servicers and investors, and it is expected that most major servicers will participate.