Loan Modifications for "almost" everyone!
NO appraisal......NO title.......NO escrow.......no kidding! Have your loan recast with the possibility of a lower interest rate and/or principle reduction without all the extra fees and point costs of a refinance. With the current state of the real estate market, lenders are more than willing than ever to work with you if you are behind on mortgage payments or are experiencing financial hardship for many different reasons to adjust the interest rate, lower principle, recast loan amount, give you more manageable payments and/or clear up arrearages. Also unlike a refinance your DTI can be high, there's no employment seasoning, doesn't matter if property has recently been on the MLS or even currently listed, credit scores under 550 exceptable, non traditional income is not a problem, LTV's over 100%, bankruptcy's ok, if the property is already in foreclosure and the NOD has been served its fine, property can be in probate...no problem and all the other things that were typically red flags to lenders do not apply with loan modifications. The main thing the lender will take into consideration is that there is not alot of equity left in the property and their cannot be alot of monthly cash flow available or a huge cash deficit either. Before you foreclose give loan modification a chance. It may give you just the relief you need.
Beverly Shortsale Inc. - Beverly Hills Office
8484 Wilshire Blvd Suite 220 Boulevard
Beverly Hills, CA 91202
P: (310) 598-1399
F: (818) 688-8045
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