Loan Modification-Loss Mitigation Services-Attorney Backed

I offer loan modification and loss mitigation services.  All services are negotiated by my attorney's office.  

Loan Modification, we renegotiate the terms of your current mortgage.  We are getting interest rates as low as 3.5%.  We can extend the terms to 40 or sometimes even 50 years.  Principal loan balance is also lowered in some cases.  We take a financial snapshot of you and fix the deficit in your budget.  

Loss Mitigation, if a loan modification is not possible for you there are still options available to you.   Short sale, deed in Lieu and even cash for keys situations are possible.

I am set up to do this with any lender nationwide. 

Call me know for a FREE consultation or visit my website for more information.

Orville McCallister

951-970-8025

orvillemccallister@yahoo.com

www.orvillemccallister.com

My Fico is way down from mortgage late; can I still qualify for a loan mod?

YES!!!  Doing a loan mod has nothing to do with your fico score.  In fact the fact that you are late frequently or are behind on payments is mandatory.  It is true, you can use the fact that you are struggling to pay your mortgage to get you an interest rate as low as 3.5%.  No credit check needed.  Banks are trying to prevent foreclosures.  Now is the time to see if you can take advantage of these programs.  Call now to find out if your qualify.

If you or anyone you know is in trouble with their mortgage, please give me the opportunity to show them their options.  My Consultation is FREE!!!

Orville McCallister

Consultant, Diamond Consulting Group

951-970-8025

www.orvillemccallister.com

If I file for bankruptcy how does that effect my eligibility for a mortgage modification?

If a bankruptcy is filed and you include your mortgage in the BK foreclosure is stopped but you are then not eligible for a mortgage modification.  Secured loans like mortgages are not eliminated by a BK.   After the bankruptcy is finalized or the mortgage is removed from the BK filing a mortgage mod can be done at that time. 

If you or anyone you know is in trouble with their mortgage,  please give me the opportunity to show them their options.

Orville McCallister

Consultant,  Diamond Consulting Group

951-970-8025

www.orvillemccallister.com

At the time having your rate locked for 3-5 years seemed like a good plan.  It seemed so far away and you wanted to qualify for that bigger home.   Understandable, values were climbing so fast with no end in sight.  Why not, your kids could have their own rooms and a bigger yard.  The American dream realized.  Now we come to 2009 and values in some areas have plummeted and we really are not at the bottom quite yet.   What do you do about that payment adjustment now that your 5 year lock is over and your payment went up by 30% and you are now 60 days behind.  You modify your current mortgage.  Take action now.  I can help you.  We are an attorney backed service that renegotiates the terms of your loan.  In most cases we can get you a lower rate than your initial rate.  We are seeing rates as low as 3.5%. That is a 30 year fixed rate amortized payment.   Imagine what that could do for your bottom line.

If you or anyone you know is in trouble with their mortgage,  please give me the opportunity to show them their options.

Orville McCallister

Consultant,  Diamond Consulting Group

951-970-8025

www.orvillemccallister.com

Lenders are just that,  they are in the business of lending money not owning real estate.   The bank does not want your home back.   They would rather you keep it and keep paying them a steady stream of money.  Even if that stream of money is reduced it is better than it being cut off.  Taking back a home through foreclosure is very expensive for the bank.  They have to pay attorneys and all kinds of different fees in order to complete the process of taking back a home through foreclosure.   I know I would rather have less money than no money.   I work with a highly trained team of negotiators all they do all day long is get people like you out of foreclosure and into a loan that they can afford.  We can do that for you too,  just ask.

If you or anyone you know is in trouble with their mortgage,  please give me the opportunity to show them their options.

Orville McCallister

Consultant,  Diamond Consulting Group

951-970-8025

www.orvillemccallister.com

I used to wish I could help my past clients solve their mortgage woe's.  Now I can and I can also help your clients.   Nobody wants to see a client lose their home to foreclosure.   I know that I get emotionally involved with the well being of my clients by the end of the transaction.   I can help them by modifying the terms of their mortgage.  I know lots of agents including myself who sold property using a loan that was fixed for 3 or 5 years.  Well 3-5 years goes by quick and here we are in 2009 with adjustments either here or looming.  It is possible not only to get the terms back to how they were when the loan was issued but it is possible to get a better rate.  Nothing would make me happier than helping your clients keep their homes.

If you or anyone you know is in trouble with their mortgage,  please give me the opportunity to show them their options.

Orville McCallister

Consultant,  Diamond Consulting Group

951-970-8025

www.orvillemccallister.com

Are you stuck in an adjustable rate mortgage?  Have you been denied a refi into a fixed rate because you have no equity?  Have no fear loan modification is here.  All kidding aside I really can fix this type of situation.  When you negotiate a loan modification the fact that you are upside down in your loan actually works to your advantage.  Banks are even forgiving part of the negative equity or the payments that have been missed or both.   I know that this seems to good to be true.  If you have any questions about loan modification please don't hesitate to ask.

If you or anyone you know is in trouble with their mortgage,  please give me the opportunity to show them their options.

Orville McCallister

Consultant,  Diamond Consulting Group

951-970-8025

www.orvillemccallister.com

In today's economy how on earth do I catch up 3 months worth of mortgage payments?   There are two options.  One is a temporary fix and two is a long term solution. 

One, you can do what is called a forbearance.  Basically what happens is the payments that you are behind get tacked onto the back of the loan and you start with a fresh slate.  There are two problems with this.  One is that the payment is the same as it was before you were behind.  If that payment was truly manageable aside from an catastrophe you should have been able to keep up.  The second problem is that if you are in an adjustable rate mortgage this does nothing to lock in a low interest rate.  

Two, you can modify your mortgage.   With my service the interest rate and duration of the loan are both negotiated.  That means that we lower the interest rate and in some cases stretch the term out to 40 years.  I have seen interest rates locked at 3.5% with a 40 year duration.  This is a permanent fix.  This makes your payment manageable and it allows you to build equity by actually paying the principal and not just the interest.   In my humble opinion this is the fix that works.  

If you or anyone you know is in trouble with their mortgage,  please give me the opportunity to show them their options.

Orville McCallister

Consultant,  Diamond Consulting Group

951-970-8025

www.orvillemccallister.com

Actually it's not that clean.   Where major issues occur is when there are multiple loans on the property.  When the first lien decides to foreclosure it is up to the second and sometimes third lenders whether or not they want to foreclose also.   Example:   Billy Bob bought a house on an 80/20 loan in 2000.  In the following years Billy Bob took two home equity loans out one to pay his credit cards for 25K and one for 75K to build a pool and remodel his home.  When the 80% loan forecloses the other lenders decide if they want to join in.  If they do not and the first does not even break even with their costs and liens the other lenders are then free to sell that debt to collection agencies.  This debt will follow you where ever you go.  They can garnish your wages and harass you until that debt is settled.  Billy Bob is still responsible for the 100k in cash out loans plus he is liable for his 20% second.   This does not happen in every case this is  worst case scenario.  But it is all avoidable.  I help people negotiate with their banks.  In a lot of cases we can save peoples home and in cases like the one I just described we can negotiate this down to nothing or at least something manageable.  If you or someone you know is in trouble with their mortgage please let me help.

Orville McCallister

Consultant,  Diamond Consulting Group

951-970-8025

www.orvillemccallister.com

It is not an uncommon scenario these days.  A family is stuck in a property that they can not afford.   They can't refinance or sell because they owe more than the home is worth.   What do you do now?   The way I approach this situation is to start by trying to negotiate a loan modification with the bank.  If I can lower the payment to a level that the family can afford great, if not I can do one of two things.   One I can short sale the property and two I can negotiate a Deed In Leiu transaction.   Both options are better than just letting the bank take the property back.   A short sale is where the bank agrees to take a lower payoff than what is really owed allowing that stuck family to be free of that home and move on.  A short sale does hurt a persons credit but not as much as a foreclosure.  If you or anyone you know is in trouble with their mortgage please let me show them the options available to them.  Thanks.

Orville McCallister