What is Loan Forbearance?

Forbearance means you are allowed to delay or reduce payments for a short period of time with the understanding that another option will be used at the end of that time to bring your account to a current status. Your lender, if in agreement, will then temporally cease legal actions.

Lenders may agree to combine your Forbearance with a Reinstatement or a Repayment Plan if you know you can provide the needed funds to bring your account current by a specified date. This plan works for people who have just experienced a sudden living expense increase or income loss. We will negotiate with your lender to explain this hardship and hopefully get you the time you need to readjust your spending and recover financially.

What is a deed in lieu of foreclosure?

Learn more about this foreclosure arrangement, saving your home is the most important thing! > Click Here <

Home Loans Modification

As a national leader in foreclosure negotiation, the company provides lay out of services and solution for loss mitigation problems. If for whatever reason you are currently behind on your mortgage payments or foresee that you will soon be unable to continue making your payments.In this way you'll have your options, whatever happens we are here to help you.

National Modification Corp work with bothered homeowners nationwide to
avoid such foreclosure and justify its associated negative credit impact.

What Makes Us The Best For You?

• We Stand Behind the Work We Do
• Custom Analysis for Each Client
• Unparalleled Customer Service
• Monitor the Progress of Your Modification

Foreclosure situations tend to be extremely time sensitive so please contact us today.

What is a short sale?

A short sale is when a lender accepts a discount on a mortgage to avoid a possible foreclosure auction or bankruptcy. Instead of buying form a seller, you are purchasing the property directly form the lender for a discount. For example: a home owner who is facing foreclosure, has an existing first mortgage of $300,000. You present an offer to the lender for $220,000 that is accepted by the bank as full payment for the loan. This is a short sale. Why are they willing to take such a discount? First of all, banks do not like excess inventory and bad loans on their books; therefore, if they see an opportunity where they can sell the property without a huge loss they will do it. Secondly, lenders know they could lose a lot more money if the property goes to auctions. There are so many fees involved if the property goes to auction, that they would be better off taking the discount beforehand and be finished with the headache of it all.

Learn more about short sale.

We Are Here For You!

We are available for clients and non-clients alike, so if you have comments, questions or suggestions or you would like additional information about our comprehensive services, please contact us. National Modification Corp is a trusted firm and we pride ourselves on customer service.

FREE Consultation Regarding Mortgage Fraud

If you are a victim of predatory lending or mortgage fraud, it’s sometimes possible to have your mortgage voided and to apply 100 percent of your payments to the principal balance. There are certain consumer protection laws in place that are truly effective in helping home owners fight against lenders who are trying to foreclose on their homes. Many home owners are unaware that they can fight back against their lenders and win!

To find out more about our Free Consultation feel free to visit us.

Your Have Questions? We Have Answers!

Home Mortgage Foreclosure - Stop it Now!

Homeowners are giving up unnecessarily these is the unfortunate truth.That's because there are things that can be done in order to prevent a house from being lost to foreclosure. In fact, foreclosure laws are designed to make foreclosure the last recourse for both homeowners and lenders. Home Mortgage Foreclosure it meant to provide a way for the lender to recover some of the money it loaned for the purchase of a house when the owner of that house is truly unable to make payments on that loan or dispose of the house in any other way. At the same time, foreclosure is inherently unprofitable for lenders to take away any incentive for them to take homes away from homeowners unnecessarily. Because of this, far more foreclosures occur than necessary.

Of course most homeowners don't have the time or background necessary to understand their state's foreclosure laws well enough to take advantage of them. For that, it makes sense to turn to a foreclosure counseling agency. A solid, reputable foreclosure counseling agency can help homeowners and lenders come to a mutual agreement to prevent foreclosure. In fact, when a homeowner contacts a foreclosure counseling agency, he or she greatly decreases the chances of her or his home being subject to foreclosure! And that's why were here, NMC's has been specializing in saving peoples homes for many years. We have an experienced staff and that we guarantee satisfaction and fast service and will modify loans in all 50 states.


In addition to keeping one's home, avoiding foreclosure is good for the larger economic picture in many ways.

Type of Foreclosures

First what is Foreclosure?
Foreclosure simply means that a lender can reclaim a home by legal means . If the borrowers is unable to comply with the mortgage agreement by missing the payments, the foreclosure process can begin.

Their are different types of foreclosure.

1.Deed In Lieu Of Foreclosure

This is the common type of foreclosure arrangement. Often called “strict foreclosure,” where the bank claims the title and possession of the property back to satisfy the debt.


2.Judicial Foreclosure

Judicial foreclosure or simply known as "foreclosure". In these proceeding the property is being subject to auction by country or a court official. Wherein the winner bidder will obtain the deed of the said property.


3.Statutory or Non-Judicial Foreclosure

In this case, when a borrower fails to make payments, the lender may be issued a notice of default and intent to sell. If the borrower does not solve the default with payments or other means, the property will be sold at public auction.


But still the question remains if you should try to stop foreclosure on your own or hire a foreclosure company to do the work for you. Thats why National Modification Corp is here to help and aid you in your late mortgage payments.

Loan Modification A Second Chance Offer

Loan modification is a term very unfamiliar to homeowners but not for very long. What most people are coming to realize is that losing their house to foreclosure is becoming a real possibility. Homeowners are feeling the crunch of higher interest rates and a slowing economy. A loan modification may be the only way for a homeowner to save the biggest investment of their life, their home. Negotiating with the bank for a modification of your home loan can be an overwhelming process. That is why hiring a loan modification company is of extreme importance. National Modification Corp is the company that can rescue you from your high monthly payments.

The reality of today's market is one of steep drops in real estate values nationwide coupled with tighter credit requirements. The combination of the two make a formidable opponent for someone facing an upcoming adjustment in their payments.. Let’s not forget that unfriendly world traveler called inflation that has decided to sit on our stoop for awhile. This formidable opponent is not one you have to fight by yourself. National Modification Corp can be in the ring with you. The company will fight to save your home. No matter what the reason, the sad truth is that millions of people are in the same boat. People are struggling to make their mortgage payments and live worry free lives. The last thing they wants is to see people lose their house our company is here to help.

The first thought most people have is to refinance. During normal times this would be the correct answer, although it’s always painful to pay the associated fees with doing the refinance. In today’s market this formula doesn’t work, between the drop in real estate value and the tightening of credit you cannot recreate your past deal. NMC's will work to alter the terms of your mortgage to fit a workable solution between you and your lender so it’s a win-win for all involved.

There is no more time to waste, now that you have a viable solution to your mortgage problem call the company. Save your home and don’t let your family be uprooted. Just contact National Modification Corp and save your mortgage and families life today. Make sure you contact the company today and get started on restructuring you mortgage today and get financial peace of mind!!!

DON'T LOSE YOUR HOME TO THE BANK

Stop Home Foreclosure Now!