Encinitas Mortgage Loan Modification

Loan modification is one of the safest ways to stop foreclosure, as many California owners have found out. While a short sale still ends with you losing your home, a loan modification lets you keep your property while you work out a better arrangement with your lender. To qualify, you need to be in financial hardship and prove that you can stay current once the modification is granted.

A loan modification counselor will help you plan your application and set reasonable goals for your appeal. During your consultation, they will check your contract for RESPA and TILA violations which can be used as leverage. They will then start negotiating with your lender and try to get you the rates you want. Some lenders won’t be easy to work with, but a good California loan modification counselor will keep on it until you get real mortgage assistance.

Even when foreclosure is already under way, you can always get back on your feet with legal foreclosure assistance. If you think you’re at risk of losing your home, call Encinitas Mortgage for a loan modification review and start taking charge of your own mortgage.