Save Your Property!
Being Denied Loan Modification Doesn’t Mean you do not Qualify.
Investors, home owners, listen up! There are specific rules a Lender must abide by when pursuing foreclosure on your home or investment property. Many times these rules are not followed. Your lack of knowledge of these rules may be assumed and in some cased, counted on by some lenders which is why they proceed as such. Improper filing of a request is also a huge reason why many Loan Modifications are denied. If you’ve been denied, it may not mean you do not qualify. It may be to your advantage to have your ability to qualify re-evaluated. You might ask, “But by who”? Quiet as it’s kept, some foreclosure consultant companies have been exceptional advocates to property owners facing foreclosure. A loan modification is possible if you approach it the right way.
It is important to note there is a difference between a loan modification company and a foreclosure analysis company. If a company guarantees loan modification, BUYER BEWARE. A foreclosure analysis company educates you on critical information needed to acquire a loan modification, assesses your probability of acquiring a loan modification, and provides a report specific to your lender that helps you negotiate a your loan modification.
Shop accordingly. Make sure your foreclosure analysis company has consulted many home owners and Investors successfully regarding the fragmented and seemingly unorganized modification process. For example, one such company is NFA. You may connect to the California Attorney Generals' Website and confirm NFA as a Registered Foreclosure Consultant with the California Attorney General's Office by using the provided link and enter "NFA" into the search box and click "Search". Attorney General Website
For additional information on saving your property don’t hesitate, Contact a Certified NFA Agent. Remember, the only way to succeed is to try.
Tidbits from Tony…