About Us

SaveMyHouseCA is a non-profit organization dedicated to helping homeowners save their home by assisting in the lengthy, often confusing, loan modification process. Since we are a non-profit, we do not ask for any payment or fee of any sort—only your commitment from when we start the process to completing the process. Our team has many years of experience in all aspects of the loan modification process, ensuring you can trust us in assisting you from start to finish.

Loan Modifications

Many people are unaware of what a loan modification actually entails. This is a great way to avoid foreclosure and ultimately remain in your home for years to come. Here are some common answers to questions about loan modifications

What is a loan modification?

A loan modification is a change to the terms of an existing loan by a lender as a result of a borrower’s long-term inability to repay the loan. This allows the borrower to avoid the risk of a potential foreclosure and allows the lender to avoid having to take ownership of the property.

How does it work?

The loan modification process starts with gathering documents, filling out the required paperwork, collecting current proof of income (if any), and submitting these documents to the lender and/or mortgage servicer. We assist you in getting these documents submitted, and walk you through the process every step of the way.

Why should I do a loan modification?

A loan modification can help you keep enjoying the home that you are living in and avoid the risk of foreclosure.  Many people face hardships in repaying their mortgage and we strive to be a resource to help you afford your mortgage payment and avoid a foreclosure on your credit.

How do you apply?

SIMPLE! Submit a request at the top right corner of this page under “GET STARTED” or simply call us at (310) 706-1664 and one of our counselors will be able to assist you in getting started or to answer any questions that you may have.

Eligibility

Our most common answer when we ask homeowners’ if they have started a loan modification is “I am not eligible” when that may not actually be the fact. Many people can easily be eligible for a loan modification.

Who is eligible?

You can be eligible for a loan modification if you are struggling to make your payments, if you have a Notice of Default (NOD) or Notice or Trustee Sale (NOTS) filed, a hardship, in a Chapter 7 or 11 Bankruptcy, have a high interest rate, second mortgage, or you are seeking to reinstate your loan.

Documents Required?

The documents required are similar to what you provided when you originally applied for the loan. This includes bank statements, proof of income, and tax returns. These documents in conjunction with documents we request from your lender will be used for your loan modification application.

I was contacted by Save My House one evening due to my Notice of Default (NOD). I was reluctant to take the call, however, with all of the red tape I was going through with Ocwen, I thought it wouldn't hurt. I went on the internet to look them up and I liked what I read and made an appointment. I met with Marlon. They basically recommended that I continue with the paperwork with Ocwen. Then, Ocwen continued to be difficult and once again I called Marlon who started the process over for me. That is when they brought Ary into the picture. He was in contact with Ocwen, made sure the paperwork was being completed and processed properly. They always kept in contact with me and I now have my trial modification. These people are awesome and everyone is very helpful, generous, smiling...and they validate parking!
Adda M. from Whittier, CA -

There are very few programs I found who are willing to commit and help people without trying to charge some sort of fee to help with modification issues. I have nothing but great things to say about these people. Marlon was the one who helped my dad out with this modification and got it approved. He was on top of everything and we are very thankful for him acting like it was his own home he was working with. Thank you again for being here to help us and others!!!
Evelyn A. from Long Beach, CA -

I had a wonderful experience with Ary. I was in the worst state of mind, I was losing my house and didn’t know what to do. SaveMyHouse reached out to me and offered to assist me with saving my home at no cost. Ary came to my house and made me feel so secure and safe. They assisted me with the loan modification process and helped me saved my house. I’m glad to see there are still people out there doing the right thing. They also helped my family with a real estate transaction and exceeded expectations.
Juan M. from South Gate, CA -

FAQ

What actually changes on my loan?

Through a modification process, your mortgage lender agrees to change your interest rate, your principal balance (through a reduction), your loan term (ex. from adjustable to fixed) and any or all of the above.

Why would a lender modify my mortgage?

Lenders have realized that in some cases it is better for them to work with their current borrower to lower their payment or possibly improve their terms in order to keep them in their property. The average foreclosure can cost a lender from 35 to 50% of the value of the property (or more) so keeping a borrower in their home is better for everyone.

If I receive a loan modification, will the credit reporting for my mortgage be affected?

Your credit score may be adversely affected by accepting the temporary modification period process. During the temporary period, we’ll continue to report your loan payment status to the credit reporting agencies. Your loan will be reported as past due during the trial period plan, even if your loan was up to date prior to the trial period. If your loan was up to date when you entered the trial period, and you make each trial period payment on time, it will be reported as current, paying under a partial payment agreement. Completing a modification will not change previous negative reporting. The impact of a permanent modification on a credit score depends on the homeowner’s entire credit profile.

What if I don’t qualify, can’t afford my home, and owe more than it is worth?

You are not alone and foreclosure is not the only option. If your mortgage lender or servicer will not willing to work with you to reduce your payment, you may want to consider a short sale. Our team is able to assist with these as well. A short sale allows you to sell your home for less than what you owe and avoid foreclosure if you qualify.

What is the difference between a short sale and a foreclosure?

Foreclosure is a legal process used by your lender to reclaim a property that is in default and sell it to pay off your loan. A short sale is a workout that when approved by your lender would allow the home to be sold at fair market value even if it is less than the total amount due on the loan. If you owe more than your home is worth (its market value), a short sale may be a good option for you if you have experienced a financial hardship and can no longer afford your home. Foreclosure will reflect more negatively on your credit report than a short sale.

Get Started

Please fill out the below information and one of our counselors will reach out to you within 24 hours.

    Contact us

    We’d love to hear from you and are happy to answer any questions you may have. Contact us today!

    OUR OFFICE

    Save My House California
    11222 S La Cienega Blvd, Suite 500
    Los Angeles, CA 90304

    OUR PHONE

    (310) 706-1664 - Los Angeles Office