Loan Modification

If you can no longer afford your current mortgage payments, want to stay in your home, and want to avoid foreclosure, a loan modification may be an option for you. A mortgage loan modification is when your lender agrees to a temporary or permanent change in one or more of the terms of your loan resulting in a payment you can afford. A change may include:

Reducing or modifying your interest rate
Extending the term of your loan
Changing the amount of your monthly payments
Any combination of the above

You may qualify for a loan modification if you are:

Experiencing a financial hardship
Facing foreclosure
Behind on your mortgage payments
Upside down on your mortgage

Generally, to qualify, you need to show that you have adequate income to make the reduced payments on an ongoing basis and that modification is an appropriate option given the characteristics of your mortgage and the value of your home. Negotiating a loan modification is an intricate process and requires the expertise and experience I Short Sale agents provide. Remember, your lender represents its interests; our agents represent your interests which is why we can usually negotiate a better deal than the bank would offer you.

OTHER SOLUTIONS TO AVOID FORECLOSURE AND KEEP YOU IN YOUR HOME INCLUDE:

Reinstatement:
Reinstatement occurs when you, the property owner, pay off the amount of money in default to bring your loan payment current. This will stop the foreclosure process and return your loan to its original terms. Upon identifying that a reinstatement is your best and most feasible foreclosure alternative, I Short Sale agents will work with you to determine how best to produce the needed funds.

Repayment Plan:
This option to avoid foreclosure allows you to repay part of your delinquency each month, in addition to your regular monthly payment. A Repayment Plan is the perfect option for someone who has experienced a momentary financial hardship but is now back on track. We will negotiate with your lender to provide you with the ability to spread the past-due amount over a specified period of time.

Forbearance:
Oftentimes, a lender will allow you to stay in your home and will agree to delay or reduce your payments for a short period of time with the understanding that another payment option will be used to bring your balance current. I Short Sale agents will negotiate on your behalf and in many cases, will succeed in combining a Forbearance Agreement with a Reinstatement or Repayment Plan.

We will do our best to help you stay in your home. Default situations are extremely time-sensitive and avoiding or delaying action is not in your best interests. You have options. Let I Short Sale assist you in determining which options are best for you. Contact us today! We’re here to assist you. Complete our Contact Us form or,

Call us at 1-877-637-4678

We’ll answer all of your questions and you are under no further obligation.

YES!

I AM A PROPERTY OWNER

AND

I WANT A "FRESH START"

Complete this form and one
of our agents will contact you.

The Short Sale Process – the Steps Before the Process Begins

Despite the popularity of short sales as a way to help distressed homeowners and bring about a real recovery in the housing industry, the process is still a mystery to most people. Many agents and homeowners are unclear about what is involved and are...

Continue Reading >>

I Short Sale is proud to be a part of the
PEAK CORPORATE NETWORK

The Peak Corporate Network is a brand that represents a group of related separate legal entities, each providing its unique set of real estate services.

I Short Sale is a Real Estate Broker - CA Dept. of Real Estate - License #01773693
I Short Sale, 1-877-907-4678 info@ishortsale.com
Short Sale and Loan Modification Services
Woodland Hills, California. Los Angeles, California. Beverly Hills, California.

Short sales nationwide including:
San Diego, California. Miami, Florida. Phoenix, Arizona. New York, New York. Santa Monica, California.. Thousand Oaks, California. Agoura Hills, California.
Sherman Oaks, California. Studio City, California. Encino, California. Tarzana, California. Malibu, California. Beverly Hills, California. San Francisco, California. Tampa, Florida.
San Jose, California. Oxnard, California. Culver City, California. Seattle, Washington. Philadelphia. New Jersey.
Loan modifications and third party short sale negotiations are not available in Nevada.

The information contained in this website is intended to be used for informational purposes only and to provide a general overview of the topics described herein. There may be tax and other legal consequences associated with a short sale. I SHORT SALE makes no representations or warranties concerning potential tax or legal consequences relating to any final disposition of any property. Clients are advised to consult with a tax professional regarding the potential tax consequences for their particular situation. I SHORT SALE is providing a service in response to a complex situation and offers a recommended solution where possible. Nothing is represented as tax advice to our clients as every situation may result in different tax consequences. I SHORT SALE is not a law firm or an accounting firm and regarding any specific questions relative to any transaction, I SHORT SALE strongly encourages all parties, agents, and brokers involved in a transaction to seek such advice from a professional advisor. Legal Statement. Read here our Privacy Policy.

Copyright © I Short Sale, 2012-2013
The information contained in this website is the sole and exclusive property of I Short Sale ("I SHORT SALE") and may not be reproduced for any purpose whatsoever without the express written permission I SHORT SALE. Any unauthorized reproduction of these materials is strictly prohibited.