Loan Modification Sites & Recommendations

If you are behind on your mortgage and facing the possibility of losing your home to foreclosure, then a loan modification is the most effective tool you could use to avoid foreclosure and stay in your home.

Even if you’re not behind on your payments or in jeopardy of falling behind, you may still be eligible for a loan modification because of violations found in your loan agreement. Did you know that 85% of all mortgages have violations?

As you may have heard by now, a loan modification is the process of restructuring your home loan, so that your monthly mortgage payments are reduced and affordable. To complete a loan modification your lender must agree to either, reduce the interest rate of your loan, reduce the balance of your loan, or increase the term of your loan, each of which will result in a lower monthly payment. The best way to go about getting a loan modification is through an attorney based loan modification specialist, who will contact your lender and negotiate a loan mod on your behalf.

It is always better to have an experienced advocate negotiating with your lender, rather than trying to do it yourself. Attempting to negotiate a loan modification yourself would be like a professional athlete attempting to renegotiate his own contract with a team by himself. It would be foolish.

A loan modification specialist will bring experience and knowledge to the entire process, and the really good ones have relationships already established with most of the major lenders.

Why we put together this blog:

We are just 3 regular guys, 3 friends, and a short while ago we were in a similar situation to what you might be in right now. My name is Andrew Macnair, and my friends are Jon and Peter. We grew up together in Edison NJ, where we went to the same schools and have been the best of friends ever since. Recently, we each got caught up in the sub-prime housing crisis and were in jeopardy of losing our homes. None of us knew anything about the foreclosure process, or how to avoid it. I started having trouble paying my mortgage after my mortgage rate reset and raised my monthly payments by almost 50%. As I started to get further and further behind, I felt like a failure and that I was carrying the weight of the world around with me. I didn’t even have the stomach to tell my wife what was going on.

After being frozen by fear for several months, I decided it was time to take action. I studied everything I could find about how to get out of this predicament and that’s when I discovered loan modifications. I became very knowledgeable about the loan mod process, as well as other ways of avoiding foreclosure.
So, my search began for the proper loan modification company to handle my loan mod. After doing some intensive due diligence on at least a dozen different companies, I decided to go with a company who was recommended to me by one of my sisters friends.  My sister is a paralegal at a law firm, and one of the attorneys who used to work there had started his own loan modification company online, called FreeLoanModEvaluation.com. This is a small company that’s been around for 5 years, and has an 89% success rate for getting homeowners mortgage payments reduced through the loan modification process. They were able to get my mortgage payments lowered by almost $1500 per month. It was unbelievable, and such a burden lifted from my mind. I immediately recommended them to Jon and Pete, and amazingly, they were able to get similar results.

Since foreclosure has become an epidemic in this country, and so many people are in the same situation as we were, we decided to take what we learned from our situations, and put together this blog to get the information out to those who need it.

The attorney based loan modification companies that we are recommending on this blog, all have major experience in the industry. Each company has done a minimum of 500 successful loan modification transactions. Think about that for a moment. That means that they have helped at least 500 individuals and families avoid foreclosure and stay in their homes. That’s amazing, and that’s a major reason why they are highly recommended.

Another important ingredient that we look for in a loan modification company is that each company has attorneys on staff who actually handle the forensic loan audits and the rest of the loan modification process. The Forensic Loan Audit is the financial evaluation that will determine if a loan modification is warranted.

Here are some of the other criteria that loan modification specialists need to get a prime recommendation from our blog:

•    Attorney based loan modification company
•    Provides a Free Forensic Loan Audit
•    Operates legally in all 50 states
•    Minimum 500 successful loan modification transactions performed
•    No up-front fees
•    100% money back guarantee if loan mod does not go through
•    Fantastic Customer Service
•    Quick turn around time

Here are the top 2 loan modification companies that meet all of the above criteria, but most importantly, can get you the best results with your loan modification: