The Home Loan
Modification Center
a National Center for Loan Modification and Debt Settlement
Mortgage Principle Reduction
and
Debt Settlement
Lower your monthly payment by 50%! Eliminate your negative equaty! Gain up to 10% of instant equity! Here's an example scenario...
"John Smith" bought a home and financed $400,000.00 at 7.9% interest with a monthly payment of $2,907.22. John wants to refinance however he cant because he's upside down $150k!
John signs up for our Principal Reduction Program and now his new loan amount is $225,000.00 (90% of the current market value). At an interest rate of 6.25%, his monthly payment is now $1,385.36!! Oh, and did I mention that John's credit score is below 600, 3 months behind on his payments and about to forclose on his home?
John has eliminated $150,000.00 in negative equity and is paying $1,521.86 less than what he was paying!!
I know what you're thinking..."How is this possible?" Someone has to pay that negative equity right?
The answer is you are already paying it through TARP and other "Bail Out" programs. Your tax dollars are guaranteed to cover the Banks and Investors losses. So why should you lose your home?
When a loan becomes delinquent
due to untimely monthly payments the interest due is delinquent and the note is
considered non-performing. Investors that hold mortgage note(s), from time to
time, package groups of notes (“pools”) together and sell them for cash to
create liquidity. The banks that hold notes directly are highly motivated to get
non-performing notes (assets) off of their books because the FDIC penalizes
banks for holding onto non-performing assets. When non-performing notes are
negotiated for sale they are sold in the secondary market to new investors at a
substantial DISCOUNT.
Q: Do I have to be late on my mortgage payments?
A: No. We can still help you if you are not behind.
Q: Do I have to have Good Credit?
A: No. We
will work with anyone regardless of their payment history, or credit score.
3. Q: Can you help if I am in
foreclosure?
A: Yes, Definitely. We recommend that you contact us immediately so we can expedite the process.
4. Q: Will this have a negative effect on my
credit?
A: No. Since the loss is a voluntary write off by the
current mortgage company the homeowner will not have any tax recourse.*
5. Q: How long does the process take?
A:
Usually 90 days or more depending on participation.
6. Q: Can I enter the program if I have more than one
Mortgage loan?
A: Yes.
7. Q: What type of loan will I receive?
A: a
30 year fixed rate mortgage.
8. Q: How much does it cost to get started?
A: One time Fee ranging from $2000. to $3500. depending on loan size.
9. Q: I have a jumbo loan, can you help homeowners in
jumbo loans?
A: Yes, We consider Jumbo Loans, please call for more
details.
10. Q: Can you do an FHA Loan?
A: Yes.
11. Q: Can you help me out if I am in
Bankruptcy?
A: Yes.
12. Q: What will my new loan be after everything is
finished?
A: The new loan balance will be based at 90% of the homes
Current Market Value.
13. Q: What will my new interest rate be?
A:
. All approved and accepted borrowers will receive interest rates as
followed:
Prime Rate + 3 (Currently 6.25%)
14. Q: Is there a prepayment penalty?
A:
Yes, there is a hard prepayment penalty for 36 months.
15. Q: How much will my monthly mortgage payment
be?
A: We usually see our homeowners monthly mortgage payments
reduced by 25%-50%.
16. Q:Will I have to sign my house over to
you?
A: No, You will never lose title/ownership of your home.
17. Q: Do I still have to make my mortgage
payments?
A: Yes, We never advise to the homeowner to miss their
mortgage payments.
18. Q: I am a business owner and I cannot prove enough
income on my taxes but I make good money, can you help me?
A: Yes,
We need to see your last 12 months business and/or personal bank statements.
19: Q: I have an Investment property, do I still
qualify?
A: Yes, we will consider an investment property. Please
call for details.
How do I know if Modification or Principle Reduction is best for me?
Debt Settlement |
You Have The Right To Settle Your Debt |
What Is Debt Settlement? Debt Settlement, also known as debt negiation, involves a personalized plan that effectively enables a debt settlement negotiator to negotiate a compromise with creditors to settle unsecured debts. Once the creditor and debt settlement negotiator agree on a reduced balance it will be viewed as payment in full*. Debt settlement has become a viable alternative for thousands of consumers across the country and is a viable alternative to bankruptcy. Modification Center is dedicated to helping you live better debt free*. We can settle your credit card debt or unsecured debt for a fraction of what you owe in many cases*. If payments stop to creditors, balances continue to grow because of late fees and ongoing interest. A debt settlement negotiator can reach a compromise with the debt creditor on the new balance to reduce your overall unsecured debt amount*. Why Debt Settlement The credit companies are happy with the money they receive, because in many bankruptcy cases the creditor may get nothing, and the consumer is happy they are able to settle their total outstanding credit card debt balance for a fraction of what they owe, in many cases. Debt settlement or debt negotiation generally can be completed in less than 36 months with payment plans you can afford*, without filing for bankruptcy. Why Modification Center for Debt Settlement Modification Center will work together with you as a team to help reach a fair debt settlement. In order for you to be successful in our debt settlement program you will have to stay dedicated to your goal of becoming debt free*. You will need to be disciplined with your budget, educated about your debt settlement program and have patience while your funds build towards the debt settlement. Modification Center is in your corner to help you live better debt free*. We have helped thousands of Americans reach debt settlements and we can help you too. We encourage you to take action in settling your debt now, because debt is cumulative and can rapidly snowball into much larger amounts. It's time to take control of your finances and put the pressure of debt into our hands, so we can enable you to live better debt free*. For a free debt settlement consultation call Debt Settlement Education You need an honest means of dealing with your debt problems efficiently. Debt settlement involves a personalized budgeting plan that will effectively enable a debt settlement negotiator to reach a compromise with creditors that actually settles the debt for less than the full amount. At Modification Center we are here to help you. At any time you can pick up the phone and speak with your personalized debt settlement coach to answer your questions about: |
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| Why Debt Negotiation? Our debt negotiation experts have established relationships with scores of consumer lending institutions, so rest assured The Modification Center will represent your Debt Settlement negotiation with your best interests in mind. We know you have many other priorities in life, and your debt negotiation service coach will help guide you so that you are proactively saving according to your personal financial plan. Pros of Debt Negotiation Debt negotiation is a viable alternative to bankruptcy. We will work together as a team to help negotiate your unsecured debt. You will be assigned a debt negotiation service coach that will be with you every step of the way. If you ever have questions or are confused about the debt negotiation process, please contact your personalized debt negotiation coach and they will be happy to assist you. You don't have to fight this battle alone. Credit companies are normally happy to receive debt negotiation settlements because if you file for bankruptcy they may get nothing. Our debt negotiation coaches have years of combined experience and have helped thousands of customers like you reach debt negotiation settlements for a fraction of what is owed in most cases*. We will guide you throughout the debt negotiation service program. You will receive a courtesy call monthly for the first 90 days, and then The Modification Centercontinue to communicate with you regularly in order to update your account. The Modification Center is a debt negotiation service company. We specialize in reducing your unsecured debt once you have funds available for a debt negotiation. Your debts may continue to accrue interest and fees until we are able to negotiate the debt on the account. Although these fees may continue to increase your balance, Credit Answers will negotiate debt on your behalf with the original balance in mind to achieve a much lower obligation, which will shorten the time it takes to negotiate your debt*. The Modification Center does not make monthly payments to your creditors. You are encouraged to set up a separate account for your debt negotiation service settlement savings to accumulate. If you have decided not to make monthly payments to your creditors, you have to be dedicated to your decision and firm in the understanding this is the best process for you. You must not allow creditors to upset you. The Modification Center does not suggest you not make payments to your creditors or speak with them - that is a choice only you can make. The Modification Center will provide you with several tips to control creditor calls in our debt negotiation program orientation. The Modification Center cannot stop collection calls or correspondence from your creditors until a debt negotiation service settlement has been paid. Creditors may be persistent in attempting to collect the debt that is owed. Our most successful clients are prepared in how they will deal with creditors and are informed of their rights. |
If you need legal or tax advice, you must consult with a licensed attorney or professional tax advisor.
Modification Center LLC is not a Credit Repair Organization and does not provide credit repair services.
If you would like a quote for any financial service product please visit www.Liberty-Loans.us
Not all creditors will negotiate unsecured debt. Program not available in all states. The Modification Center, LLC does not provide legal, tax or investment advice.
Modification Center LLC is not a Credit Repair Organization and does not provide credit repair services.
At Modification Center, we specialize in creating new beginnings for people suffering from financial hardships. We understand that not every Debt Relief or Debt Help solution is the right one for you.
If you decide to have Modification Center you, we offer a practical Debt Relief solution called Debt Settlement or sometimes called Debt Negotiation
- What are the benefits?You can be Debt Free in 12-36 Months
- Avoid Bankruptcy
- Pay only a fraction of your debt
- Make only one monthly payment
- Stop Creditor Harassment
Do I qualify?
Our program works best for people with $10,000 or more in unsecured debt such as:
- Credit Card Debt
- Medical Bills
- Personal Loans
- Auto Repossession
- Past Due Utility Bills
Fast and Honorable Programs
Modification Debt Negotiation is a fast inexpensive and honorable way to address the issue of crushing debt.
