Aloha from Sean Remos and Loan Network Honolulu LLC. I have been daving people homes using loan modifications recently and seen rates as low as 4.25% fixed. For many of my clients their mortgage gets cut in half!! Here's some more info about the company that I work with called Mitigation Online Consultants.
Mitigation Online Consultants acts as an alliance between borrowers and their lenders/mortgage companies. Our job and passion is to maximize efforts to homeowners in distress to help them stay in their homes and we will coordinate a plan to reach and help as many homeowners as possible. Should the homeowner not wish to remain in their home, we will work to produce an exit strategy that is in the best interest of the homeowner/borrower.
We are, above all else, a consumer advocate and pledge that our services are solely for the benefit of each and every homeowner. If the homeowner can no longer remain in their home, we will arrange the most efficient, expeditious and affordable exit strategy. Together, as a team, we can make this happen.
Let our experts guide you in your difficult time, it is what we do. Our team of attorneys, processors, mitigators and negotiators are proven to negotiate your loan modification in your best interest. The processes of mortgage mediation, loan modifications, and foreclosure prevention require superior legal counsel and strategy.
For homeowners who want to keep their home we work to structure and obtain a loan modification. A loan modification is essentially a reconstruction of an existing mortgage that is constructed in favor of the homeowner. Mitigation Online Consultants assists homeowners who wish to remain in their homes by working to convert adjustable rate mortgages to fixed rate mortgages, a common tool designed to assist a borrower who is struggling with their mortgage payments. Our skilled specialists also have the capability to potentially extend amortization schedules, for example stretching a 30 year mortgage to a 40 year mortgage.
We have a network of professionals who are dedicated to negotiating the best scenario for your situation. We bring to the table over 40 years of experience in the mortgage industry, and use that gained knowledge and experience to help those who find themselves in difficult and lifestyle altering predicaments. Call Mitigation Online Consultants today and let us show you how you can rediscover peace of mind.
Loan Modification Specialists
We at Mitigation Online Consultants, are a team of highly skilled professionals who have been trained and experienced in the real estate, mortgage banking and financial services industries. Mitigation Online Consultant’s senior management team has over 50 years of collective experience and expertise. The company’s reputation represents the highest integrity and respect for their clients and the circumstances they are facing. Each staff member at Mitigation Online Consultants is an expert in their field and has perfected their skill set through the years.
Here at Online Mitigation Consultants we specialize and focus on the two types of mitigation: Loan modification and Deed in Lieu of Foreclosure. Loan modification is the process of renegotiating a mortgage in favor of the borrower. The process of loan modification is a strategic negotiation between a mortgage lender and a homeowner/borrower. It is imperative to have an experienced mitigation professional working with your mortgage lender to ensure the outcome of the negotiations is in your best interest, as mortgage mediation can become quite confusing. Our clients appreciate the work we do on their behalf to assist them in protecting their financial futures and preventing a lifestyle crisis.
Deed in Lieu of foreclosure involves the mortgage lender accepting the deed to the property in exchange for complete debt satisfaction. General guidelines involve a title search to ensure that there are no existing liens on the deed, at which point the borrower vacates the home and relinquishes the keys to the property to the bank. The bank then forgives all debt owed and does not issue the lender with a deficiency of judgment, which can put a lien on one’s credit for up to 20 years and lead to garnished wages and a bleak financial future.
Our strategies are as individual as each client who comes to us with their very own story and should be treated as such. We have come together as one-combining our knowledge, skill sets, professionalism, and work ethic which together create a highly effective and competent staff. Our vision is to make a difference, one homeowner at a time.
Loan Modification
Typical completion time: 8 - 12 Weeks
Loan Modification is a permanent change in the terms of your existing loan. Lenders may restructure your loan by a reduction in the interest rate, an extension of the length of the loan, a lowered principal balance, reduction in the amount of accrued back payments or late fees, as well as many other options to allow you the affordability to pay your mortgage.
If you are behind on your payments, struggling to make your payments, expect an adjustment that will cause you to fall behind, you are facing foreclosure, or fear foreclosure is just around the corner- then you are a candidate for loan modification.
The Loan Modification process usually takes 30-90 days, and consists of many long phone calls and negotiations. Mitigation Online Consultants will handle every aspect of your negotiation and prepare a comprehensive loan modification package for your lender, including but not limited to:
Financial Prospectus Workout – Detailed to include all income, assets, and all payments you make, down to every cost, including Gas! This allows a realistic view of your financial abilities to be sure you can continue to make your home payments for years to come once your loan is restructured.
Unlimited Negotiations with your existing lender and/or their attorneys.
Loan Restructuring Proposal – Mitigation Online Consultants requests specific terms for your new loan. Our request is carefully discussed with you so that you are happy with your new loan.
Representation on your behalf in dealings with your Lender
CMA - Comparative Market Analysis of your home
Pulling of Credit Report
Full Time, one-on-one customer service for your Status Updates
Mitigation Online Consultants may request modifications in the following ways, however other options may be used to lower your monthly payments:
- a) Request Adjustments, elimination or repayment plans on any delinquent and past due balances.
- b) Request current and future rate of interest charge and monthly payments to be lowered
- c) Request loan balance amount to be less than current loan (lowering your principal balance)
- d) Request Loan to be converted to a longer fixed term
The goal is to get you back on track, current on your payments, and to keep you in your home for years to come.
Can't I do this myself? Why should I pay someone else to do it for me?
Of course you can negotiate with your mortgage company yourself. Just as some people act as their own accountants or legal representation, some people are knowledgeable enough about mortgage delinquency that they are comfortable negotiating with their mortgage company.
However, for others phrases like "partial claim", "loan modification" and "special forbearance" are intimidating and confusing terms. People in this category may find dealing with their mortgage company to be a dehumanizing experience as they are shuffled along the assembly line-like process, never sure if the representative they are talking to is truly looking out for their best interests or merely trying to meet their quotas while attempting to keep their talk time low.
Mitigation Online Consultants doesn't offer any service to you that you cannot technically perform for yourself. Then why pay us to represent you? There are many reasons we could provide but perhaps an example would be more effective:
When you are on the phone with your mortgage company and they tell you there is nothing that can be done for you, how do you know if this is the truth or if it is simply what the representative chooses to tell you as a result of their inexperience or apathy? These representatives aren't sitting in an office of their own, thinking about what a great career they have. The mortgage company representatives you will deal with work in call centers- a low-paying, high-turnover field of employment. Our negotiators have more experience in mortgage retention than most any of these representatives, do you?
How many financial transactions are as important to the average person as their home? Much like in any important matter, having the proper guidance and representation can make all the difference in the world. It can save you time, trouble and money.
What is foreclosure?
Home foreclosure is a process by which a lender regains a property which they have financed. Typically, this is because the borrower or homeowner is behind on house payments and is unable to catch up, often due to circumstances outside of his or her control. When the lender forecloses on the homeowner, the homeowner must move out of the house, therefore, losing all possession of the property and jeopardizing any possible equity that the homeowner may have in the home. There is a legal time frame, which varies from state to state, which determines how long the foreclosure process can take.
Do I have enough time to stop foreclosure?
Up until the foreclosure sale occurs there is still hope. If a sale date for your house has been set you need to act fast. We have stopped sales set for the next day but this is very risky and some lenders will not agree to it. You're best option is to take action immediately to stop foreclosure before it goes too far.
What can Mitigation Online Consultants do for me?
If after your FREE Consultation we determine that we can help you, there are several options to get you out of foreclosure and protect your credit history. Loan Modification, Forbearance Agreement, Deed in Lieu and a short sale are some of the techniques we use to save your home. Call us so we can explain each of these to you and determine which apply to your particular situation.
What can loss mitigation do for me?
The goal of loss mitigation is to work out an agreement between the homeowner and the lender that will stop foreclosure proceedings permanently. This allows the homeowner to stay in their home and protects their credit history.
How does Mitigation Online Consultants stop foreclosure?
Our company specializes in resolutions of mortgage delinquencies or home foreclosure claims on behalf of you, the homeowner. We perform a detailed financial analysis and work with you to determine your best alternatives. We review your lender's loss mitigation policies and your state's foreclosure law to make sure that we give you the best service within the context of your situation. By working with you and your lender, we can tailor a resolution to meet your specific criteria and financial circumstance.
How long do I have to act?
Time is of the essence when you are behind on house payments. Time is definitely not your friend in this situation. Each day that passes makes it that much harder to get a work out agreement with your lender that you can live with. The home foreclosure process can take anywhere from a few weeks to many months, depending on your state law and the method of foreclosure your lender chooses to use.
Several companies contacted me recently offering help. What makes Mitigation Online Consultants different?
There are many predatory companies who are not what they appear to be. Beware of unscrupulous companies who are actually just interested in buying your house at big discount, or attorneys who just want to take you into bankruptcy or companies that collect a consultation fee then do nothing for you. We have some of the most experienced and well respected specialists in the industry whose sole purpose is to save your house, not buy it, sell it, or send you into bankruptcy. Give us a call, speak with one of our professionals and judge for yourself. The consultation is FREE.
Should I negotiate with the lender myself?
Yes. If you are only a payment or two behind and your lender has not hired an attorney to begin foreclosure proceedings you may be able to negotiate a work out agreement yourself. If you are successful then you have saved yourself some funds that can be used to get caught up on your mortgage. Just remember, don't waste a lot of time on this. Time is not on your side right now. If you don't have something worked out within 1-2 weeks, then it's obvious that your lender is not serious about working things out with you directly. When you get to that point you will be better served by professional representation that can use the formal business and legal protocols to your advantage. Many times they will lead you to believe they are working out a resolution and then all of a sudden you get a letter from an attorney. By then it may be too late for us to help you. Don't make that mistake.
How long does it take for you to complete the case once we fill out all of the paperwork?
Anywhere from 2 days to a few months. This depends on the stage of foreclosure, the state you live in, your financial position and the lending institution. Typically it takes several weeks to complete a work out agreement and stop foreclosure proceedings.
How much do you charge to stop foreclosure?
Our fees are based on your mortgage payment amount, and the complexity and urgency of your situation. Our professional loss mitigation consultants will evaluate your case and explain the best options to save your home. We are confident that you will feel that our fees are a bargain compared to the cost of the alternatives. We offer a money back guarantee if we cannot get you a work out agreement with your lender(s) as long as no sale date has been set.
I'm currently in bankruptcy. Can you still help?
Yes. But we cannot negotiate a work out agreement with your lender until your mortgage has been discharged or dismissed from the bankruptcy proceedings. Our professional loss mitigation consultants can still evaluate your case and explain the best options to save your home. Then when the mortgage is out of the bankruptcy, we can proceed with the home foreclosure help. Sometimes after bankruptcy, it is easier to make a mortgage payment because other debts have been discharged.
I've already talked with my lender and they just want all their money. Can you still help me?
Yes. Most of our clients have experienced this kind of inflexibility from their lenders before calling us. We get your bank to listen to your needs because they know and trust us. We have mitigated thousands of home foreclosure cases. That kind of experience gives us credibility with your lender. Over the years we have developed positive working relationships with key people at most banks. Our integrity and professionalism have earned us a reputation that allows us to be heard when no one else can get through the red tape. We will use our experience and connections to your advantage.
Should I file for bankruptcy to save my house?
No! That usually doesn't work. The American Bar Association has reported that 96% of homeowners who declare bankruptcy end up losing their home to foreclosure anyway. Bankruptcy is very unlikely to help you save your home. If you declare bankruptcy you will likely end up with BOTH a bankruptcy and a foreclosure on your credit report.
Do I need to have a special type of mortgage loan for Mitigation Online Consultants to help me?
No. We specialize in out-of-court resolutions of government and non-government mortgage delinquencies or home foreclosure claims for homeowners. These can be FHA, Rural Administration, VA, Freddie Mac, Fannie Mae, or conventional loans which have become delinquent.
What if I can no longer afford my home? Can Mitigation Online Consultants still help me?
Yes. If you are certain that you cannot afford your home any longer and wish to sell, we can help you to secure a short sale payoff or a deed-in lieu of foreclosure agreement with your lender. Often times these agreements can be arranged at low or no cost to you.
Our Guarantee!
Due to our streamlined and accurate pre-qualification process, the majority of our clients can expect to get the solution provided and outlined in their contract. When you become our client, you can rest assured that we are going to get the job done for you in almost every case. However, unusual circumstances do arise. In these rare instances, we provide a 100% money back guarantee - less an auditing fee of $595.00 - In the unlikely event we cannot fulfill our promises in the contract.
On Loss Mitigation cases*, Mitigation Online Consultants will provide a 100% refund - less an auditing fee of $595.00 - When all of the following conditions are met:
- Mitigation Online Consultants cannot obtain an offer from your lender.
- A Foreclosure sale had not been set as of the day your returned to us a signed service agreement, your completed mitigation documents and full payment of our fee.
- You kept all of your obligations under the terms of this engagement agreement and responsibilities as a client to furnish documents as requested by Mitigation Online Consultants.
It's important to note that all cases are unique meaning that some refund guarantees may require altering. Your personal refund guarantee will always be spelled out in your service agreement.
Unable to maintain your mortgage payments?
Mitigation Online Consultants are consumer advocates in favor of ending the real estate crisis.
Mitigation Online Consultants act as an alliance between borrowers and their lenders or mortgage holders. The dedicated mitigation professionals at Mitigation Online consultants work tirelessly to maximize options for distressed homeowners to assist them with staying in their homes.
Our professionals are experienced with coordinating strategies to connect with and rescue as many distressed homeowners as possible through our mitigation services. In the event the distressed homeowner does not wish to keep their defaulting property, we will work carefully to devise an exit strategy that is in the best interest of the borrower to salvage as much of their credit and alleviate as much anxiety as possible during the process. Mitigation Online Consultants are above all else a consumer advocate and for this reason we pledge that our services are solely for the benefit of each and every homeowner.
Through our network of experienced and dedicated professionals you will have access to over 40 years of mortgage industry skills and options working in your best interest. No one ever envisions themselves in the situation of a loan default or potential foreclosure, and the situation can be excessively stressful. It is important to have a dedicated team of professionals on your side to ensure that the process of negotiations works to your advantage.
In the event a distressed homeowner wants to keep their home, our team of mitigators works with the homeowner and the mortgage holder to restructure and modify the mortgage terms to ensure that the borrower is able to comfortably maintain the new payment schedule. Our experts essentially reconstruct an existing mortgage reflecting the capacity of the homeowner to adhere to it.
Mitigation Online Consultants also assists homeowners who wish to remain in their homes by working to convert adjustable rate mortgages to fixed rate mortgages, a common tool designed to assist a borrower who is struggling with their mortgage payments. Our skilled specialists also have the capability to potentially extend amortization schedules, for example stretching a 30 year mortgage to a 40 year mortgage.
Our team of attorneys, processors and mitigators are industry experts in the process of negotiating loan modifications. The processes of mortgage mediation, loan modifications, and foreclosure prevention require superior legal counsel and strategy.
We have a network of professionals who are dedicated to negotiating the best scenario for your situation. We bring to the table over 40 years of experience in the mortgage industry, and use that gained knowledge and experience to help those who find themselves in difficult and lifestyle altering predicaments. Call Mitigation Online Consultants today and let us show you how you can rediscover peace of mind.
Call Today to See if you Qualify!
Sean Remos
Sr. Mortgage Banker/ Modification Specialist
808-282-4666
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