Saturday, May 23, 2015
How Loan Modifications Work
Can a Florida Loan Modification Company Really stop Foreclosure? I was reading the news papers the other day, and found a staggering report – Of all the states in the United States of America, Florida seems to have highest number of foreclosures. Being in the mortgage business and Loan Modification business myself, I struggled to find any logical reason behind this, especially with the availability of loan modification programs to bail out people who have issues with their loans. Awareness could be an issue, as not many people would possibly know people like us are there to help them out. The other point that does not hit them is we do all the work, which is at times considered to be relatively out-of-bounds for most non-legal people. Can a Florida Loan Modification Company stop Foreclosure? The answer is YES It Can! Continue on reading and then visit us at www.eLoanWise.com to view our professional video presentation explaining the entire Loan Modification process. My name is Jonathan Powell, and I am the President of eLoanWise.com and First American Capital Investments, we are a professional Loan Modification company in the State of Florida backed by attorneys. Over the last few years, I have seen a surge in the number of loan modification applicants. It is good to see that the trend is increasing, but it could be that I am sitting on an Iceberg. From the time you approach eLoanWise.com with your loan modification needs, our company swings to work. We would ask you to submit some papers with him or her. Once that is done, you will find we immediately starting drafting a legal letter to the bank or the financial institution and start the negotiation process Until the time your bank receives the legal letter, your lender has no idea that you have initiated a loan modification process, and would be on their way to initiate the foreclosure process. The legal letter puts a stop on things temporarily, and the banks end up inviting the us, the Loan Modification Company, eLoanWise.com and the applicant for a negotiation or a discussion. Typically we can negotiate interest rates down to as low as two percent (2%) initially, and then your new mortgage will level out around Four Percent (4.00%) for the remainder of your term. This can drastically reduce your mortgage payments and in many cases will cut your mortgage payment in half. Some banks sound as if their deal offered to the customer is really the best, and no one else can beat it. The truth is – Leave the hard bargaining to a Professional Loan Modification Company that has the experience and knowledge to properly re-negotiate the terms of your loan.. In a state like Florida, you need good negotiators because small changes in the loan amount may not do you any good at all. Most Importantly, you would have saved your home. The bottom line is Do Not let your home foreclose or avoid doing anything.. your home is your most prized possession and our Florida loan modification process will work to stop foreclosure.