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) 882-7869 and one of our counselors will be able to assist you in getting started or to answer any questions that you may have.