ARIZONA LOAN MODIFICATION, LOAN MODIFICATION ARIZONA, ARIZONA LOAN MODIFICATION COMPANY, AZ LOAN MOD

ARIZONA LOAN MODIFICATION INFORMATION, SERVICE, AND ADVICE!

An Arizona Loan Modification is an adjustment to your existing loan by your lender(s) as a response to your long-term inability to pay your mortgage. Loan modifications typically involve an adjustment of your interest rate, an extension of the length of the term of the loan, or a principal balance reduction all resulting in LOWER MONTHLY MORTGAGE PAYMENTS! A lender would choose to modify your loan if the cost of doing so would be less than the cost of default and foreclosure. WWW.SELLQUICKFORCASH.COM HAS PARTNERED WITH WWW.ADJUSTMYLOAN.COM IN PROVIDING LOAN MODIFICATION INFORMATION, SERVICE, AND ADVICE!

Below is everything you need to know about ARIZONA LOAN MODIFICATIONS courtesy of AdjustMyLoan.com:

WHAT DO WE MEAN BY AN ATTORNEY-BASED LOAN MODIFICATION?

We use Attorneys to conduct and interpret a Forensic Loan Audit of your original loan paperwork so that our professional Loan Modification Negotiators can use this information when negotiating with your lenders. We also consult our company attorney to make sure we are adhearing to both State and Federal foreclosure laws in the areas that we take on clients. As an Attorney-Based Loan Modification Company we take the extra steps necessary to ensure our clients are dealing with a group of professionals. WE ARE NOT A LAW FIRM and do not charge you an expensive retainer fee for our service!

Instead, at www.AdjustMyLoan.com, we specialize in Loan Modifications and our Loan Modification Service guarantees you the professional support needed to negotiate a complete loan modification from start to finish. By now you have probably shopped a few other companies. We invite you to challenge us and see if our reputation stands up to the test. We are a nationwide loss mitigation company based out of Phoenix, Arizona. We are a member of the Better Business Bureau and we have hundreds of happy clients and testimonials. In addition, we offer ongoing training for our professional staff, a tracking system so you can follow your Arizona Loan Modifications progress, and most importantly, WE CHARGE NO UP-FRONT FEE FOR OUR LOAN MODIFICATION PROGRAM!

WHY IS A FORENSIC LOAN AUDIT IMPORTANT?

A FORENSIC LOAN AUDIT is considered by many to be the “secret” to obtaining a loan modification with your lender(s). Sometimes called a Forensic Loan Document Review or Mortgage Audit, the main purpose is to determine if there are violations of federal law! Almost 70% of loans conducted in the last 7 years, and almost 95% of all subprime loans have major RESPA (Real Estate Settlement & Procedures Act) and TILA (Truth In Lending) violations. The only way to find these violations is to conduct a Forensic Loan Audit by a qualified person…in most instances a trained Attorney! If found, most lenders choose to renegotiate the terms of the loan to something more affordable to avoid litigation! The whole goal here is to uncover any predatory loan practices and push for a favorable loan modification. If you are researching different companies to conduct your loan mod, please take into consideration whether or not they are performing a detailed loan review by an Attorney! Don’t be fooled by loan/mortgage companies that jumped into the loss mitigation business yesterday…hire a company that has real experience Negotiating Loan Modifications and can fight for you.

TELL ME WHAT I NEED TO KNOW ABOUT ARIZONA LOAN MODIFICATIONS.

Loan Modification Defined: A Loan Modification in its simplest form is the restructuring of your current loan terms in order to lower your monthly payment, keep you out of foreclosure and in your home.

An Interest Rate Modification is where your lender(s) agree to lower the interest rate temporarily or permanently. Common reductions go as low as 2%-3% for a temporary interest rate drop, and as low as 4%-5.5% for a permanent rate drop. Our negotiations will consist of getting the bank to agree to the lowest rate for the longest period of time. Some banks are limited in their ability to offer homeowners the lowest rates based on their investors' criteria, but our relationships and experience will quickly get the best interest rate drop available.

A Term Modification is the extension of the repayment period for your loan. For instance, a borrower 5 years into a 30 year loan can request a Term Modification resulting in re-writing the note to a NEW 30 or 40 year term. This type of modification is almost always offered permanently. It can be used in addition to Interest Rate Modifications to maximize the monthly savings for the borrower.

A Principal Balance Reduction is where your lender(s) reduce the principal amount owed wiping out a portion or all of your negative equity you may have due to the fact that home values (especially in certain geographic regions) have plummeted. This is the lender's least favorite of the modifications currently in practice. It is reserved almost exclusively for second trust deeds, and those found with major Real Estate Settlement Procedures Act (RESPA), Truth In Lending Act (TILA), or Home Ownership Equity Protection Act (HOEPA) violations. They are extremely difficult to negotiate; however, our in-house attorney along with our professional Loan Modification Negotiators have had much success in completing aggressive loan modifications with Principal Balance Reductions.

Overall, loan modifications usually consist of a unique combination of the options mentioned above. REMEMBER, YOUR LENDER DOES NOT WANT TO OWN YOUR HOME! They want to keep you as a performing asset on their books and will search for the cheapest way to keep you from defaulting and going into foreclosure. Many government agencies, such as the FDIC, are heavily pushing for mandatory loan modification programs, and we believe NOW IS THE TIME to get aggressive and request a loan modification from your lender(s)! DO NOT WAIT UNTIL IT IS TOO LATE!

WHAT ARE THE QUALIFICATIONS TO GET A LOAN MODIFICATION?

Typically, a homeowner must have most of the following qualifications in order to be a good candidate for a Loan Modification:

You Need To Have A Financial Hardship (This can be a divorce, loss of job, interest rate adjusted out of control, medical, death in family etc.)
You Need To Have Provable Monthly Income (You bank(s) will only modify a loan if they are positive you can afford the new modified monthly payment)
You Need To Have A "Funky" Loan With A High Interest Rate (We mean an adjustable rate mortgage, a negative amortization mortgage, an interest only mortgage, a mortgage with a large balloon payment etc… and an interest rate of 7% or higher)

WHAT IF I AM BEHIND ON MY PAYMENTS...CAN I STILL DO A LOAN MODIFICATION?

Absolutely, as long as the foreclosure auction has not occurred, we can still conduct a loan modification on your behalf. The optimal time to propose a loan modification to your lender is just after you miss your first or second payment! If you are behind, we ask that your lender put any missed payments (arrears) on the back side of your loan and wipe out any late fees you may have incurred. We also ask that they do not report these arrearages to the credit bureaus. In most cases we get this request accepted! DON'T WORRY, IF YOU ARE CURRENT ON YOUR PAYMENTS, WE CAN STILL DO A LOAN MODIFICATION. As long as you meet your lenders loan mod qualifications, we can still help you.

HOW LONG DOES AN ARIZONA LOAN MODIFICATION TYPICALLY TAKE?

In most instances, an Arizona Loan Modification takes 60-90 days…but it could take longer, especially if we are going for a principal balance reduction and your lenders legal department gets involved. Our fastest Loan Modification to date has taken us only 33 days!

WHAT IS ADJUSTMYLOAN.COM'S PROCESS...HOW DOES YOUR PROGRAM WORK?

First, you need to contact us to see if you qualify for one of our Loan Modification Programs. The pre-qualification process takes about 10 minutes and you will need your loan information handy so our loan modification specialists can review your situation. Once we pre-qualify you, we explain your options in detail. We make sure you are aware of the benefits and consequences of a loan modification, putting you in control of your financial future! If you choose to move forward, we will then take a detailed application to begin the Loan Modification Process. This should take about 20-25 minutes and you would need to gather all your loan documents, mortgage statements, and your monthly income and expenses. Our goal here is to begin building the Loan Modification Proposal based off of your specific circumstances. Once we recieve all your necessary loan modification documents, we can begin building your loan mod proposal. You will need the following for us to process your loan modification:

Bank Correspondence / Foreclosure Notices
Hardship Letter Explaining Your Circumstances And Why You Must Modify Your Loan (must be signed by borrower)
2 Most Recent Mortgage Statements For Each Loan
2 Months Bank Statements For All Borrowers (12 Months If Self Employed)
2 Months Pay-Stubs For All Borrowers
2 Years Tax Returns Including W2’s, 1099’s And All Schedules For All Borrowers
Insurance Information (agent name, company, address, phone, email and policy number)
Any Documents To Verify Hardship (Death Certificate, Medical Bills, Divorce Paperwork ETC)
Your Loan Paperwork (HUD-1 Settlement Statement, Good Faith Estimate, Truth In Lending Disclosures, Promissory Note, Deed Of Trust etc.)

THEN WE DO A FORENSIC LOAN AUDIT TO UNCOVER ANY PREDATORY LENDING VIOLATIONS!

Typical violations we find in the loan files:

Broker disclosures were never made
Risk factors for credit were not disclosed
Your FICO scores were not properly disclosed
RESPA booklet was not recieved on time (or not at all)
Some documents were not signed or notarized properly
There is no ARM disclosure or the ARM disclosure is not accurate
There is no Final Hud-1 in the file or the Final Hud is not accurate
Notice of Right to Cancel (two copies) were not given to each borrower
Truth in Lending Notice of Right to Cancel is not filled out properly by the lender
A good faith estimate (GFE) was not given within three days of taking the loan application
No payment schedule is included in the loan documents or the payment schedule is not accurate
Truth in Lending info was not recieved (or mailed) within three days of taking your loan application
There is no copy of the promissory note (it is unclear who owns your loan...or who is entitled to enforce it)
Three Day rescission period was not provided for clients who sign and loan funds on same day (non-purchase money loans)
Truth in Lending Statement does not accurately disclose the finance charges, APR, amount financed, or total of payments

At the same time we are uncovering any predatory lending violations, we are submitting your initial proposal to your lender(s). We use any Forensic Loan Audit findings as our negotiation trump card to get you the best loan modification terms possible! We aggressively negotiate your loan mod with all of your lenders which could take up to 90+ days. Once a modification is reached, we facilitate the paperwork needed to complete your new low monthly payment and walk you through all documents your lender(s) will need you to sign.

HOW DO I KNOW IF I QUALIFY FOR AN LOAN MODIFICATION ARIZONA?

AdjustMyLoan.com offers FREE LOAN MODIFICATION CONSULTATIONS. The pre-qualification takes about 10 minutes and includes us learning about your situation, explaining in detail the loan modification process, making sure you qualify for a loan modification, and explaining to you why we are your best choice to handle your loan modification proposal! You can trust the experts at AdjustMyLoan.com to keep your information private...we will never share your information with anyone without your knowledge and consent. Our Worry-Free Guarantee should put your fears at ease knowing our company is a member of the BBB, has a money back guarantee, puts everything they say and do in writing, has many referals and testimonials, and has a back-end system that allows you to log in and see the status of your loan modification anytime is going to be working your loan modification.

WANT TO LEARN MORE ABOUT LOAN MODIFICATIONS?

Visit our LOAN MODIFICATION BLOG. It is packed with current LOAN MODIFICATION NEWS, LOAN MODIFICATION INFORMATION, LOAN MODIFICATION PROGRAMS, lender contact information, LOAN MOD TIPS AND TRICKS, common LOAN MODIFICATION SCAMS, and DO-IT-YOURSELF LOAN MODIFICATION help. If you are serious about lowering your monthly payments, learning the techniques needed to negotiate with your lender(s) is a must! We want to educate and empower homeowners to take back control of thier financial situation and our ARIZONA LOAN MODIFICATION BLOG is a good place to start.

WE ARE CURRENTLY FOCUSING ON CONDUCTING ARIZONA LOAN MODIFICATIONS. IF YOU ARE LOCATED IN THE FOLLOWING CITIES, YOU MAY QUALIFY FOR ONE OF OUR LOAN MODIFICATION PROGRAMS: