Restructuring a Mortgage to Avoid Foreclosure.
In truth, homeowners stand a high chance of preventing a foreclosure sale by deciding to file a loan modification. The loan would be restructured, and you would resume payments on a restructured mortgage. This new balance will include the balance of the old mortgage with delinquent payments and a few fees. This is a common scenario for homeowners facing foreclosure. Depending on the homeowner, and their reasons for falling behind and eventually defaulting on that home mortgage, it could be counter productive.
How to file a Loan Modification to Avoid Foreclosure.
Homeowners facing foreclosure should find many available programs to make filing for a loan modification is simple. Like many HUD approved programs, FRAUD STOPPERS offers a Free and simple solution for Filing a Loan Modification without the help of an attorney. FRAUD STOPPERS PMA also works exclusively with banking insiders who consult with our private members to structure highly favorable Loan Modifications that have a high chance of being accepted. But, generally Speaking, you can file a Loan Modification on your own without the help of a lawyer or financial consultant by following these 3 easy steps;
- First off, collect personal financial records as they will be used as exhibits in the loan modification.On average, modified mortgages aim to set monthly reoccurring payments averaging 1/3rd of a homeowners income.
- Contact your Mortgage servicer to fill a loan modification application and start the modification process. New laws require servicers to provide you with a single point of contact throughout the process.
- Finally, you can begin to negotiate the terms of the modification. There may be some terms you also have to adhere to. Some servicers will have a trial period in which payments are made while terms are still being negotiated.
STOP DO NOT THINK ABOUT APPLYING FOR A LOAN MODIFICATION UNTIL YOU READ THIS:
FRAUD STOPPERS CRM System can auto populate all of your loan modification documents for you, for FREE! That’s right our system can auto-populate all of your lender or loan servicers required documents like your Loan Modification Proposal, RMA, 4506-T, QWR, Income & Expense, Hardship Letter & Hardship Affidavit, Homeowners Disclosure, Legal Contract, MARS disclosure, and MORE! If you want to try and apply for a loan modification Pro Se (for FREE) let our powerful CRM system help you.
Simply open a case file using the intake form at the bottom of this page and choose “Loan Modification” as the service requested. Your file will be forwarded to our Loan Modification expert to help you thru the process.
BE ADVISED: Someone from our sales department may contact you as well to discuss other legal options that may be available to you; like filing a lawsuit against your lender and using it as leverage to reach a settlement (like a Super Sized Loan Modification)!
PLUS our ex-banking executive who previously was responsible for the loan modification department for a MAJOR BANK has proprietary loan modification software that can Pre-Approve your file for you, so you can have confidence that your loan modification will be approved, before you submit it. For more information on how FRAUD STOPPERS can help you get a loan modification (either doing it yourself Pro Se for FREE using our CRM system to auto-populate your documents for you) OR (using the help of our loan modification and mediation expert) click here: https://www.fraudstoppers.org/loan-modifications-meditation-services/
What Filing a Loan Modification does to affect Foreclosure.
If accepted, homeowners can be sure that a loan modification will put an end to foreclosure. Getting there can take some maneuvering, many homeowners find themselves filing bankruptcy along the way; claiming total insolvency. As a result, homeowners are able to avoid foreclosure with a restructured mortgage, that usually has a longer payment period and higher interest rate. Most of all, this modified mortgage does not have to be a permanent solution.Over time there are other ways to restructure mortgages to protect the properties equity. FRAUD STOPPERS Private Members are also reporting that they have had grace periods where they did not have to pay their mortgage. Especially in cases when combining Loan Modifications with a Chapter 13 bankruptcy. Click here for more information on loan modifications
What is a Private Members Association? (PMA)
FRAUD STOPPERS Private Membership has its advantages. Our company is not a law firm and does not offer legal advice. But as a Private Members Association (PMA) like the NAACP, our private members get exclusive access to file-able legal documents and scheduled consultations with banking insiders and white collar crime investigators Stop Foreclosure.
Are Loan Modifications the best Foreclosure Legal Defense?
Loan modifications aren’t the best fit for every foreclosure. Depending on the loan and a homeowners personal situation; many mortgage fraud victims are selling themselves short of what could be an opportunity to renegotiate mortgage terms that are actually in favor of the homeowner, and in some extreme cases eliminate the mortgage all together. To sue a bank, and to build an effective lawsuit, homeowners must prove damages on the banks behalf. Being in foreclosure is a great way to do that.
How to Sue a Mortgage Lender to Stop Foreclosure
FRAUD STOPPERS private members are seeing a huge reductions in the balance of their Mortgages. They are staying in their homes while filing for quiet title and similar lawsuits pro-se without an attorney. After having an in depth audit on their mortgage which highlights infractions of federal lending regulations like the Truth in Lending Act (TILA), improper transfer and delivery methods as part of securitization, and infractions in collections practices outlined by the FDCPA. FRAUD STOPPERS PMA drafts a lawsuit citing any found infractions and any relevant case law. This combination of Bloomberg verified court ready evidence and lawsuit is extremely effective at proving wrong foreclosure.
Homeowners can Schedule a Free consultation with FRAUD STOPPERS to discuss foreclosure alternatives. Within 48 hours of uploading loan documents for review, customers receive insightful information about the status of their mortgage. The free consultation is an opportunity for homeowners to discuss what their best options are. The FRAUD STOPPERS Free Mortgage Fraud Analysis will identify common aspects of Mortgage Fraud. These results determine what type of lawsuit if an would be an effective means for stopping foreclosure, if any. Lawsuit packages vary in price, and can be filed either pro se or with the help of an attorney.
To get started click here: https://www.fraudstoppers.org/stop-foreclosure-with-fraud-stoppers-members-only-pro-se-support-products-services/
If you are in foreclosure or you have lost your home to foreclosure and you want to sue for mortgage fraud or foreclosure fraud, FRAUD STOPPERS PMA can help you save time and money, and increase your odds of success, with a court ready Quiet Title or Wrongful Foreclosure lawsuit package. If you have received a Notice of Default (NOD) or a Foreclosure Notice (Foreclosure Complaint) and you want to know how to respond to the Notice of Default (NOD) or a Foreclosure Notice (Foreclosure Complaint) call FRAUD STOPPERS PMA today because our prove system can help you fight to save your home from foreclosure fraud and/or mortgage fraud. Our court ready Quiet Title Lawsuit Package or Wrongful Foreclosure Lawsuit Packages includes a turnkey complaint (petition for damages), Bloomberg Securitization Audit, Expert Witness Affidavit, Application for Temporary Restraining Order (to stop a foreclosure sale or stop an eviction), Lis Pendens (to cloud the marketability of the title to the real property), and Pro Se education material that can show you how to win a Quiet Title Lawsuit or win a Wrongful Foreclosure Lawsuit. This entire court ready Quiet Title Lawsuit Package or Wrongful Foreclosure Lawsuit Package can help you save thousands of dollars in legal fees and help you increase your odds of success. For payment options or more information on this court ready Quiet Title Lawsuit Package or Wrongful Foreclosure Lawsuit Package please contact FRAUD STOPPERS PMA today at 844.372.8378 or open a case file for a Free Mortgage Fraud Analysis and Bloomberg Securitization Search to see if your current mortgage loan situation qualifies for a Quiet Title or Wrongful Foreclosure lawsuit here: https://www.fraudstoppers.org/free-mortgage-fraud-analysis/
For information on foreclosure defense call us at 844-372-8378. We offer litigation support, admissible evidence, expert witness testimony, education, training, and support in all 50 states to attorneys and pro se homeowners.
Feel free to connect with us . . .
Address: 332 S Michigan Avenue Suite 1032 #F513 Chicago IL 60604-4434 Phone: 844-372-8378
DISCLOSURE: NOTICE OF Copyright © 2017 FRAUD STOPPERS, FRAUD STOPPERS PMA. THIS SITE IS NOT INTENDED TO BE MISCONSTRUED AS LEGAL ADVICE. Legal Information is NOT Legal Advice: This site provides “information” that is only designed to help users safely cope with their own general legal needs. Legal information is NOT the same as legal advice — the application of law to an individual’s specific circumstances. FRAUD STOPPERS is a National Private Members Association (PMA). PLEASE TAKE NOTICE OF THE FOLLOWING MARS Disclosure[s] 12 C.F.R. 1015.: (1) FRAUD STOPPERS PMA is NOT Affiliated with any Government Agency or Any Bank Lender; (2) Even if YOU Accept any of FRAUD STOPPERS PMA Products or Services Your Lender May Choose to NOT Change Your Loan. FRAUD STOPPERS products and services are only available to Active Members of the FRAUD STOPPERS PRIVATE MEMBERS ASSOCIATION. To join FRAUD STOPPERS PMA click here: https://www.fraudstoppers.org/members-only/