FREE Loan Modification Services

Homeowners who can't afford their mortgage payments can get a better deal from their lender. But the process is complicated and potentially onerous, and concessions are offered only to borrowers who earn neither too much nor too little income to meet the lender's guidelines.

Consumer Alert - Advance Fees and Loan Modification Services

If you are behind in your mortgage payments, you may be contacted by individuals or companies that will offer to help you work out a loan modification with your lender or provide other services to you in order to help you prevent a foreclosure on your home.

You must be very careful if you are asked to pay for any of these services in advance, whether in cash, check or by charging your credit card. First, California Civil Code Section 2945, which regulates "foreclosure consultants", forbids anyone who falls under the definition of a “foreclosure consultant”, as well as a real estate licensee, from collecting any advance fees for these types of services if a Notice of Default has been recorded against your property. If your lender has recorded a notice of default, do not pay an advance fee to a real estate licensee, or to any person or entity. California licensed lawyers when rendering services in the course of their legal practice(s) are exempt from this prohibition. There are non-profit agencies that can assist you without charging you a fee and real estate licensees who can represent you for a fee to be paid after they have completed their work.

If a Notice of Default has not been recorded against your property, it may be permissible for a real estate broker to assist you in working out a loan modification or otherwise negotiate a possible resolution to your problem with your lender or loan servicer and ask you for payment in advance for their services. However, the broker must have you sign an agreement that tells you what services will be performed, when they will be performed and how much you must pay. The broker cannot have you sign an agreement until it has been submitted to the Department of Real Estate for review and the broker has received permission to use it and collect the advance fee.

Why Are We Willing To Help You FREE of Charge? Because When You, a friend or family member Needs a Home Loan or Real Estate Services in The Future, We Know You Will Think About us First.

How to avoid foreclosure: It's not inevitable.

If you are experiencing or have recently experienced a hardship and are unable to keep up with your mortgage payments, it is extremely important for you to  address the issue as quickly as possible to make short-term payment arrangements with your lender.

Are you facing financial difficulty?

You are not alone. Millions of people work hard every day to pay relentless bills, one after the other. The largest bill for most people is their mortgage payment. The stress over not being able to make your mortgage payment may seem unbearable, but there are actions you can take and we are here to help.

We understand it is frustrating to sit on the phone with your Lender, explain your situation over and over again, hold for hours only to be disconnected and start all over again. The process is overwhelming to say the least. Our job is to do the hard work and mediate with your Lender on your behalf to lessen your financial burden.
Our professional Loan Modification Specialists will be on your side of the case to find a resolution and save you time. The sooner you call, the sooner help is available.
Financial difficulty does not discriminate. It can affect people of all occupations, all over the country.

A hardship situation is generally defined as a situation beyond your immediate control that results in the default of your mortgage and may ultimately lead to foreclosure. Common hardship situations may include the following:

Whether your mortgage is for $100,000 or for $100 million, you must take the first step so we can work together with your lender to find a solution. There are several options when you are facing financial difficult especially a burden of a mortgage loaming over your head. We recommend you review your personal situation. Our goal is to fortify you and your community and prevent the unnecessary losses that are facing so many home owners today. Please take the time to review your goals and see if we are a good fit for you.

Due to recent demand and the increasing cooperation of the U.S. government and various lenders, CP Financial has had a tremendous amount of success assisting borrowers avoid foreclosure while staying in their home. Our Loan Modification Specialists will provide a free consultation to understand your current situation and put together a customized plan before going to your lender with the best solution for you. 
 A Loan Modification is when a lender agrees to modify any or some of the terms of the mortgage, making it more affordable for you.
These changes may include:

1) Reducing or modifying the interest rate
2) Extending the term of the loan
2) Changing the monthly payments
4) Combining any of the above

A Loan Modification will give you a fresh start, bringing your mortgage up to date after capitalizing any delinquent interest, escrow, fees, and other costs based on investor guidelines. 

Acting quickly should be your number one priority, as CP Financial will need to develop a plan, document your current financial situation, and contact your lender to begin negotiations on your behalf in order to stop foreclosure and save your home.

Other solutions to avoid foreclosure and KEEP YOU IN YOUR HOME include: 
Reinstatement: Occurs when the property owner pays off the amount in default to bring the loan payments current in order to stop the foreclosure process and return to the original terms of a loan. After identifying that a reinstatement is the best and most feasible foreclosure alternative, CP Financial will work with you to determine how best to produce the funds. 

Repayment Plan: This foreclosure option lets you repay part of your delinquency each month, in addition to your regular monthly payment. A repayment plan is the perfect option for someone that experienced momentary financial hardship, but is now back on their feet. CP Financial will negotiate with your lender to spread the past-due amount over a specified period of time. 

Forbearance: In order to stay in your home, a lender will agree to delay or reduce payments for a short period of time, with the understanding that another option will be used to bring your balance current. CP Financial will negotiate to get you the time you need to determine the best solution for you and, in many cases, will succeed in combining a Forbearance Agreement with a Reinstatement or Repayment Plan.  

Want to save thousands of dollars when changing loan terms? "Modifying" a mortgage rather than "refinancing" can put big money in your pocket and eliminate complex and costly closing rituals.

With a loan "modification" you take the mortgage you now have and change the interest rate and payment requirements, just like an ARM. And just like an ARM, a change in rates and payments does not result in the need for a new closing, legal fees, survey, appraisal, or taxes. In contrast, if you "refinance" a loan you'll be required to have a closing and forced to pay a variety of fees and taxes.
 

Fill Out The FREE Loan Modification Assistance Form