Our Services ~

Tiered Mortgage Rate re-cast
1 st Mortgage Principle reduction negotiations
2 nd Mortgage or heloc principle reduction negotiations
2 nd mortgage or heloc elimination and/or rescision
Trustee foreclosure sale postponements (keeps homeowner in your home for 6 to 24 months !)
Short Sale - full real estate services, deeds in lieu of foreclosure and cash for keys council

Post - Foreclosure "unlawful detainer" council (stops or postpones sherriff from coming to remove you from your home and change your locks)
Post - Foreclosure "ownership deed reversion" (legal action council to force lender to revert the deed of ownership and put it back in homeowners name)
Council on "predatory lending", mortgage electronic registration service (m.e.r.s.) and "sovereign ownership" strategies
Council on the strategic use of chapter 13 and chapter 7 bankruptcy filings

Loss Mitigation Facts

M o r t g a g e servicers provided loan workouts for
a p p r o x i m a t e l y 189,000 borrowers in August 2008.
In August, approximately 110,000 homeowners received r e p a y m e n t plans; Approx. 79,000 r e c e i v e d loan modifications.
Nearly 53 percent of homeowners with subprime loans who received work- outs through mortgage servicers received modif- ications.

Above statistics as reported by CNBC and HOPE NOW on October 2, 2008.

**What is the difference between a "tiered mortgage rate re-cast" & a Loan Modification ?**

A " Tiered Mortgage Rate Re-Cast " is currently 800 Fix My Loan's most effective and successful mortgage mediation tool. Unlike all the different possible changes theoretically possible with a loan modification (which banks are no longer granting by and large), A " Tiered Mortgage Rate Re-Cast " nearly always only results in a moderate to significant interest rate decrease, or improvement from any form of adjustable mortgage to one that has a fixed term and fully amortized principle and interest payments for the life of the borrowers loan.

Loan Modifications, when properly executed reduce a borrowers interest rate and monthly payment. In addition they may re-term the existing length of a borrowers loan, extend the term to forty years, change an "interest-only" loan to a fixed rate, principle and interest payment loan, can change an "adjustable-rate" loan, or an "Option ARM" loan to a fixed rate principle and interest payment loan. In addition (although exceedingly rarely) can sometimes result in a principle balance reduction.

Loan Modification

A loan modification is a process in which the terms of a mortgage note are permanently or temporarily changed by lender making the payments more affordable for the borrower.

Recent "Tiered Mortgage rate re-cast" cases:

Old Rate	Old Terms	Loan Amount	New Rate	New Terms	Monthly Savings	Total Savings
9.125%	Adjustable Rate	$555,832	1%-5yr ----------- 4.75%-24yr	30 Yr yr 1 - 5 = 1% ----------- Yr 6 - 30 = 4.75%	$2734 Yr 1 - 5 ----------- $1623 yr 6 - 30	$996,627

Old Rate	Old Terms	Loan Amount	New Rate	New Terms	Monthly Savings	Total Savings
7.994%	Option Arm	$394,279	3.00%	30 Yr Fixed	$1231	$443,297

Old Rate	Old Terms	Loan Amount	New Rate	New Terms	Monthly Savings	Total Savings
11.50%	Interest Only	$255,049	1.6%-2yr ----------- 3.6%-28yr	30 Yr yr 1 - 2 = 1.6% ----------- Yr 3 - 30 = 3.6%	$1244 Yr 1 - 2 ----------- $1551 yr 3 - 30	$142,241

Old Rate	Old Terms	Loan Amount	New Rate	New Terms	Monthly Savings	Total Savings
6.75%	30 Yr Fixed	$414,561	3.25%	40 Yr Fixed	$1163	$232,317

Old Rate	Old Terms	Loan Amount	New Rate	New Terms	Monthly Savings	Total Savings
6.00%	Interest Only (Loan Never gets paid off ! )	$177,198	1%- 1 - 5yr ----------- 4.25%- 6 - 30yr	30 Yr yr 1 - 5 = 1% ----------- Yr 6 - 30 = 4.25%	$316 Yr 1 - 5 ----------- $14.23 yr 6 - 30	$74,878 Since New Plan is fully amortized, home will now be owned !

A "Tiered mortgage rate re-cast" can do the following:

Lower interest rates
Stop foreclosure
Catch up on delinquent payments
Turn your adjustable loan into a fixed loan

Loss Mitigation Guidelines

Loss Mitigation guidelines could differ from lender to lender. The most common factors are the following:

Have a provable hardship
Have an adjustable rate mortgage
Have high debt to income ratio
Have a Negative Amortization Loan
Can prove sustainable income to justify the modified mortgage
Are unable to refinance

Approval Factors

The most important factor is to prove that you have the ability to satisfy your new mortgage payments based on a "Tiered Mortgage Rate Re-Cast". Banks are careful in analyzing debt-to-income ratio in order to determine modified rates and terms. In many cases, a complex preliminary analysis allows the lender to identify the steps and measures that are required to achieve a loan modification.

Behind on mortgage payments?

To qualify for a "Tiered mortgage rate re-cast" you need to be behind on your payments. Regrettably it is necessary to be behind.

A c c o r d i n g to top mortgage i n d u s t r y research provided by FBR Research it can cost up to 41% of your loan principle value for a bank or lender to foreclose on your home.

Short Refinance

Short Refinance (Short Refi) is a next option to loan modification. It is a transaction, where the current lender agrees to accept less than the full amount owed on your property. It resulted in reduction of principLE on a loan.

Congresswoman Maxine Waters
FAILS attempting to help three
Los Angeles families get
loan modifications as
seen on ABC news !
Watch Video Below.

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Housing Crisis on Main Street
Watch Video Below.

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Obama speaks on his
Homeowners Relief Plan.
Watch Video Below.

You probably do not have the Flash Player installed for your browser or the video files are misplaced on the server!

The president's $75 billion plan to stem the tide of foreclosures is designed to provide more affordable mortgage terms for up to nine million US home owners. It is meant to help families that are facing foreclosure, as well as those that are struggling to keep up with their payments even though they "played by the rules," in President Obama's words. Read More Here...

What would you rather do tonight... Watch television or Solve your mortgage problem?

I am guessing that you most likely said the latter of the two, or you would not be reading this right now. Here is the funny part... a good friend of mine thought the same thing, but didn't do anything about it. You see, he was behind on payments and eventually lost his home to foreclosure. This was an unfortunate event for him and his family but it didn't have to be. He could have SAVED HIS HOME, had he only called us!

All he had to do was reach out for help, but he didn't because...

He was very embarrassed about the situation. (PLEASE... Don't let this be the reason you don't do anything. There are good, understanding people out there who want to help you!)
He was afraid, didn't know who to trust, and didn't think there was any way out.
His lender would not return any of his phone calls. He even sent them a payment and they sent it back to him (This is a very common thing.).
He didn't think they would "really" foreclose on his house. (Remember, if you get behind on payments and do not do anything, your lender WILL foreclose on your house.)
He was not aware that there was help available. (If you remember anything from this website, know that there is help available for you.)

The most common thing we've found is that homeowners who are behind on their mortgages are not aware of all of their options. Most homeowners believe they only have 4 options:

List with a realtor (Do you really want to sell? Do you have time to sell? No Equity?)
Refinance (We've seen thousands try and not one has been able to yet!!!)
Sell to an investor who will lease it back to you (WARNING: This against the law in most states!)
Reinstate your loan (Do you have the amount of $$ your lender is asking for?)
BUT WAIT, THERE'S A 5TH OPTION:

We negotiate directly with your lender to reinstate your loan and reduce your payments.

If You Want To Keep Your House, We Have Exactly What You Are Looking For!

We can save you thousands of up-front dollars by negotiating directly with your lender, to drastically reduce or eliminate the amount needed to reinstate your loan. Often times, we can even lower your monthly payments but you're going to have to make a choice and the question is... are you ready to take control of this situation? We can help you, but you need to call us. Too many times we hear that the only reason they didn't call us was because they were embarrassed. Please don't be, we're here to help and we want to help you so much that we are on our hands and knees begging you to call. Please, pick up the phone and call...We've made it extremely easy.

Call anytime and we'll give you a FREE consultation 800-Fix-My-Loan - (800) 349-6956 !

Big "Fat" Warning

Don't be fooled into thinking your situation is so bad that we cannot help you or avoid getting help because you are embarrassed... We've helped a lot of people and we want to help you !

She was embarrassed to call us but she did and we got her back on track with her lender.
They needed to reduce their payments and "WE DID!"
He had not a PENNY SAVED but had some $$ coming to him
He hadn't made a payment in over a year.
They thought we couldn't help because of their credit but "WE DID!"
He thought the bank wasn't going to foreclose but they did and he lost his home (Make sure this doesn't happen to you!)
They already talked to their lender and the lender said they wouldn't work with them but they worked with US!
They were confused about what we do They almost didn't call but thankfully they did.
She had completely given up all hope.
6 months ago they were recently divorced/separated.
He lost his job and still didn't have a new one
He tried 27 times to contact his bank and NEVER got a call back.
Her lawyer told her we wouldn't be able to do it "BUT WE DID!"

Let me leave you with this one note. the only thing that stands between you and saving your home is a phone call, So...

Pick up the phone and Call Now 800-Fix-My-Loan - (800) 349-6956 for your Free Consultation.

PS1 - Check out some of the testimonials. These are from REAL people that were in situations just like you.

PS2 - Remember we negotiate directly with your lender to reduce the amount needed to reinstate your loan.

PS3 - Call us NOW 800-Fix-My-Loan - (800) 349-6956 for your FREE phone consultation and let us help you save your home!