Countrywide Loan Modification Can Help You Stop Foreclosure
Countrywide Loan Modification has helped many homeowners keep their homes. Countrywide was involved in a huge lawsuit as a result of predatory lending practices and defrauding the public. There are more than 390000 homeowners who got into unfavorable loans because of them. As a result of the lawsuit Countrywide has agreed to help homeowners who qualify with Countrywide Loan Modifications.This is the biggest case of fraud by a lender in US history. At present Bank of America has acquired Countrywide who collapsed because of the lawsuit.. If you have trouble making your mortgage payments or you have missed thee or more payments you should consider a Loan Modification. This is one of the best options for you if you are facing foreclosure and struggling to save your home. Different lenders have different requirements. You have to have a good understanding of their requirements and the documents that you have to submit.
Generally, they are: - Hardship Letter explaining your current financial situation and you inability to pay your mortgage.
- Recent income documents
- Accurate financial statement showing your income and expenses.
The manner in which these documents have been prepared and presented to your lender's negotiators would determine the result of your application: acceptance or denial. Do not forget that you can apply for loan modification only once.
Do not lose this opportunity by trying to do it yourself. The whole loan modification process is long and complex. The presentation of the documents is only the beginning of a long and intricate negotiation process.
This process should result in affordable monthly payments and ultimately save your home from foreclosure. Lenders have realized that working out a mutually satisfactory solution with the homeowner is less costly to them than foreclosure. Every day there are thousands of distressed homeowners like you calling your lenders for help.It is close to impossible to speak with someone who can help you when you call your lender. That is where we come in. Our Loan Modification Team of experienced Attorneys and Loan Modification experts will work for you. We can pre-qualify you, help you prepare the necessary documents and present your case in a professional manner to maximize your chances for success. Call me today for free consultation. I am only a phone call away from you.
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