Loan Modifications or Loan Restructuring
A large number of home owners will find them find themselves using a Loan Modification Plan to stop foreclosure. If you can currently make your regular payment, but you can't catch up with the past-due amount, It's time to talk to the lender about a loan modifaction. Renaissance Realty Groupd staff of trained agents can negotiate with your lender to fold any past-due amounts, including interest and escrow, into the unpaid principal balance. This new amount will be re-amortized over a new period of time. Thus offering you a chance to catch up and keep your home and avoid foreclosure.
Or, if you are unable to make payments at this rate, Our Loan Modifaction team will negotiate with your lender to extend your loan for a longer period of time, modifying the loan amount to a more affordable level.
A Loan Modification will change your existing mortgage note and give you a fresh new start in managing your home. Your account will be brought up to date immediately.
Foreclosure can be stoped .. but it takes action and comuncation with your lender quickly
Comments(0)