The Problem

The problem is simple. Many of us took out loans that were once agreeable and affordable. Some of the money that we borrowed was put to use in other areas like building a business, home improvement, a new car, or simply paying off our credit cards.

Some of the loan products that we signed for were tricky. Adjustables or the "pay option arm" products did not provide for the the current carnage in the U.S. Economy or the problems that we face in the workplace. While home prices were rising we borrowed against appraised values on our homes that were at all time record highs! Subsequently, the recession began. In my humble opinion, we are in a severe recession if not a full blown depression.  Unemployment has taken its toll on our jobs, our families and now our homes.

Our home loans that exist today need to be "marked to market". What this means is that we must look at the tools we have to work with today instead of making decisions on what we experienced financially years ago.

The problem is easy to resolve. Instead of blaming what happened on others, we must take reponsibility for our actions and look at our part in the loans we took and how to resolve the issue today. The problem was created one loan at a time and it can be resolved one loan at a time. The loan modification product can do just that.

We are simply taking what we have and converting it to the present day conditions. Re-underwriting the borrower and the property one loan at a time. The modification can be the solution.

However, the lenders that hold our mortgages like to hold onto the profit and not share in the losses! They have become part of the problem by the old procedures of foreclosing showing no willingness to work to the solution. Only since the U.S. Government has pressured these lenders has cooperation begun. In addition to the pressure, some lenders have enjoyed payments from the Federal Government for each loan modification rendered. However, the lenders issued "Trial Modifications" (part of the problem) as a way to demonstrate their cooperation. They also got compensated through issuing the "Trial Modifications" through tax payer monies and TARP funds.

Initially, the loan modification process did not even exist. In 2007, our firm began the process of seeking out those lenders that would be willing to negotiate a delinquent mortgage into a performing note. Since that time we have completed over 7200 loan modifications. Apply today and find out if you qualify!