Put Our Team To Work For You

Our management team collectively has approx. 50 years of banking experience.  We know the language of lending. We know how to assist your attorney or broker in presenting to lenders in writing, a formidable solution to their client’s mortgage issues on terms the lender will understand. This is another reason why we believe our company offers among the most comprehensive and successful loan modification service in the real estate industry.

We do not contract directly with homeowners.

If you are a property owner looking for help with your modification you must contract for loan modification assistance with a licensed real estate broker or attorney in your state.

We will be please to offer a list of licensed attorneys and brokers in your area that use our services. You may also find a local real estate attorney through the referral services offered by the Bar Association of your state. Referrals for licensed real estate brokers can also be found through your state’s department of real estate or similar licensing office.

Why Broker and Attorney Use Our Company’s Services!

Our team has 10 years of success in seeing most mortgage loan modification requests to a successful outcome.

Note: Most failure of modification request are due to homeowner's unexpected income reduction after we received the file.

 We have the most effective, state-of-the-art systems and procedures in place to facilitate a property owner’s attorney or real estate broker to modify any residential or commercial loan. Our goal is to sustain property ownership on affordable terms, while limiting loss to financial institutions. 

Statistically 40% to 50% of all loan modifications fail!

—However—

For requests we receive from attorneys and real estate brokers, our assistance to them helps them achieve a modification RE-failure rate less than 5%. Why? Because we first diligently underwrite borrower capacity and based on the results of that analysis, submit written recommendations to attorney or broker to incorporate into the loan modification request. This is the foundation for a detailed and workable note modification plan that works for lenders and property owners.

Conversely, if property owners attempt to negotiate a loan modification with their lender directly companies, Their chance of failure is 40% to 50%—or more.

Notice regarding  California Home owners

 If you are a property owner reading this website, and are in foreclosure, only an attorney can assist you. We urge you to stay away from ‘foreclosure consultants’ or others claiming they can prevent the lender from foreclosing your home. The laws regarding loan modifications and foreclosures have recently and are currently changing. Consult with your attorney. If you would like us to provide you with a copy of new laws as they become enacted, feel free to contact us. Please Note: We are not attorneys. We cannot give you legal advice or interpret any law for you. Only an attorney can provide you such legal services. Real estate laws are complex, and include tax considerations as well. This is definitely not for the ‘do-it-myself’ enthusiast!

If we can help you obtain copies of new laws, please feel free to call us toll-free: 877-502-7283 x202

Feel free to email us: info@homeretentionprograms.com 

We offer our services in 49 states.

There are licensed attorneys and real estate brokers throughout the country who have used or are currently using our loan underwriting and analysis services.

Constant Updates 24/7 On Your Loan Modification Progress

You and your clients can view the status of their loan modification online 24/7 through our exclusive and very private case management system. Clients are assigned a unique code that allows them access to their file; status updates, and viewing of case notes entered by you as their attorney or broker.

Your clients receive an email advising them of every change made to their file—automatically. Progress reports are also sent by email periodically.  

Our goal is to give you the tools necessary to successfully negotiate a modification of your client’s loan so that they keep their property, limiting damage to their credit and their financial institution. 

No-Charge Consultations. We offer no cost, no obligation consultations to discuss your client’s situation and how we might be of assistance to you in your efforts to aid them.
 

Know The Law. Foreclosure laws and property owner’s rights vary from state to state.  The time required to complete a foreclosure can vary from 90 days to 10 months. To receive a summary of the timelines and general rights you have to avoid foreclosure in your state, contact us and we will send you the general information that applies in your state. This is not however, intended to constitute the giving of legal advice. You are urged to discuss your legal options and alternatives to foreclosure with an attorney licensed to practice law in your state. We are not attorneys. Our company does not practice law and cannot give legal advice.

We do not contract directly with homeowners. Property owners must contract for loan modification assistance with a licensed real estate broker or attorney in their state. We will be please to offer a list of licensed attorneys and brokers in your area that use our services. You may also find a local real estate attorney through the referral services offered by the Bar Association of your state. Referrals for licensed real estate brokers can also be found through your state’s department of real estate or similar licensing office.

              Typical results of loan modification plans

 LOAN MODIFICATION. When presented with a workable proposal, the majority of all lenders will offer a loan modification where most of the delinquent payments and foreclosure fees are added onto the principal balance of the loan. Payments may remain approximately the same. In some cases the interest rate will be reduced permanently. In others, the interest rate is lowered in the early years and gradually increases over time, based on the borrower’s anticipated increasing ability to pay.

REDUCTION OF LOAN BALANCE

Currently very few lenders offer a reduction on the balance of first mortgage how ever if you have a 2^nd loan that has no equity we are see reduction up to 90% and with lower rate

FORBEARANCE PROGRAMS. It is our experience that some sub-prime lenders  will only offer a workout program that requires  the borrower to immediately pay at least 20% or more of the total delinquencies including foreclosure fees,  with the balance of the delinquency  to be added to the regular monthly payment over 6-to-48 months. Note: Forbearance plans do not remove a foreclosure action but simply stop it in place until the loan is bought current.

NEW “HEMP”------ THE GOVERNMENT’s NEW THREE MONTH TRIAL FORBEARANCE/MODIFICATION  PROGRAMS OFTEN FAILS IF THE LENDER IS NOT PROVIDED SUFFICIENT INFORMATION SO AS TO CONSIDER THE TOTAL FINANCIAL ABILITY OF THE BORROWER TO PAY!

IT IS ESSENTIAL THAT LENDERS FULLY UNDERSTAND THE BORROWER’S REAL ABILITY TO MAKE FUTURE PAYMENTS IN ANY FORBEARANCE PROPOSAL.

Payment Rate &/or Interest Rate Reduction

Increased interest rates on home loans have made it impossible for many homeowners to pay their mortgage payments, triggering mortgage defaults.

Remember, if a bank is forced to foreclose, they will lose money, because the property will most likely resell for less than market value, and oftentimes, less than the amount owed to them on the foreclosed loan. Costs of holding the property and eventual sales costs add to their losses. If a bankable solution can be achieved, that is their preferred outcome as well.

A rate reduction, sometimes coupled with a substantial reduction in loan principal balance is the only possibility for a homeowner to retain their home while giving the bank a ‘face-saving’ alternative to costly foreclosure.

Deed in Lieu of Foreclosure

Under some conditions lenders will accept the property back from the borrower as full payment in order to save the time and expense of foreclosure. Negotiating these arrangements are complex, as they involve assessments of current and future value, plus current market conditions

in addition to proving the inability of the homeowner to either pay the mortgage or sell the property.

SHORT SALE INFORMATION

PLEASE GO TO OUR SHORT SALE PAGE FOR COMPLETE INFORMATION.