You Owe It To Yourself
And
Your Family To Modify Your Mortgage, Saving Your Home From
Foreclosure With Lower Payments,
Interest Rates And More Time To Pay Before It's Too
Late!
Hi! I am the owner of Federal Mortgage
Modification and I'm sure your wondering if what is said
above is really possible. I understand because if I were you
I'd be asking the same thing. Give me just a few minutes and
I'll explain why and how it's possible! But it's important
that you don't do what many do, paralyzed by anxiety,
wait until it's too late!
I know you're probably waking up at night worrying about your
mortgage payment. It's keeping you from concentrating,
making you feel frustrated, helpless and angry. Causing
family turmoil. Worrying about where you’ll live if you have
to move. Right? A federal mortgage modification can
accomplish more than you might think.
I want to encourage you not to lose hope, but you can't
wait till it’s too late like so many do! That's what the
banks wanted when they originally wrote those bogus
mortgages!
Don’t wait till the sheriff shows up with a moving van and
you have no options but to leave behind your dreams and your
pride! If you take advantage of a federal Mortgage
modification now, you can save your home,
preserve your investment and avoid the pain and
embarrassment of foreclosure and possibly bankruptcy, not to
mention the devastating consequences to your future
financial life.
You’re not alone – the financial meltdown is right now affecting
millions of people, people who never even had a late payment
before. Adjustable rate mortgages, interest only mortgages
and other poisonous flavors of home loans are doing more
damage in America right now than even a determined terrorist
could ever dream of! They’ve turned what used to be a stable
industry into a group of high stakes poker players…… but
they’ve been playing with your money! You can beat
them at their own game by taking advantage of the Federal
Governments new push for mortgage modifications.
The government stepped up to the plate with federal mortgage
modification funding for a reason. In the last few years,
some loans were written with terms and conditions in the
fine print that were so bad for homeowners, the loan
officers had a hard time to keep from laughing out loud
while you were signing the contract. Did they ever level
with you about what was best for your family at that moment,
or did they just keep quiet and let you sign your life away,
since they made a commission from selling your loan? Are
they willing to help you out now? …….
Don’t hold your breath waiting for that!
You Might Be Asking "Can't I Just Negotiate A Mortgage
Modification By Myself?"
The answer is both yes and no. Let me explain. You can try to
negotiate with the bank that sold you your mortgage, but
it's virtually impossible. In most cases the bankers you
contact are no longer in charge of the loan. They’ve sold
your loan, along with hundreds of others, to pools of
mostly foreign investors. You won’t be able to get
the investors’ phone numbers and contact them directly.You’ll just end up talking with your banker, a guy who
was already paid in full, but now feels he has very
little to gain from listening to a consumer.
You have every right to contact the banker and pour out your
heart about job loss, family sickness, misunderstood loan
provisions, basic fairness, your honest intentions, until
you’re blue in the face…..but your chances are slim.
You can threaten to sue, call them over and over again, sit
through endless phone voice messages repeating: “Thank you
for calling Bank of BigBucks. We really, really, totally
care about your call, so please, stay on the line for 30
more minutes while we lose the fax you sent us and we can
claim you have to start all over again”…..but in almost
every case, your wasting your time!
It can get so frustrating, you could scream and even that won’t
do you any good.
The statistics for do-it-your-selfers in the loan
modification field are pretty bleak with a success rate of
under 20%. When people use a professional company to
negotiate a mortgage modification the success rate is over
90%.
Additionally professionals are averaging reductions to 4.5 % -
5.5% mortgages in 80 % of the cases. Whereas
do-it-your-selfers only
get a small reduction of 1 % point, often only good for only 6 months.
At Federal Mortgage Modification we are averaging bringing our clients
payments down often from 70 to 80 percent of their gross
income down to one third! We use the banks own
lending rules against them, forcing them into compliance
with the very rules they disregard by keeping client’s
mortgage payments impossibly high.
This means that not only can a professional modify your mortgage
to get you a lower mortgage rate, where the real
difference is found is in bring your Debt to Income ratio
back into line. Bringing your monthly payment back to
the guidelines set by the banks can see mortgage payments
cut in half, or more, for some clients.
Usually the mortgage modifications we write save our client
enough to pay our fee in just two months.
After that the savings are all gravy. It could actually turn
out long-term that the best thing that ever happened to you
financially is the situation that caused you to need the
mortgage modification in the first place as it can save you
tens of thousands of dollars over the life of your loan!
So can you do your own federal mortgage modification? Yes.
Is it a good idea is a better question. It probably makes
about as much sense as being your own accountant, lawyer or
maybe even your child’s brain surgeon. Well.... you get the
idea.
There
Is A Much Better Way To Save Your Home!
To solve your problem, you need to understand how bankers
think, and why they don’t cooperate with you. Again, they
usually don’t own your loan – they sold it up the river
to investors as fast as the ink dried on your check, in most
cases. (If they never pointed this out to you at the
time, join the club! They never make a point of saying they
sell the loan, even if it’s in tiny print on page 19 of your
mortgage contract that they have the right to. It wouldn’t
help their ‘closing rate’….) So, when you call, you aren’t
really talking to the owner of the loan. They just manage
the payments. Even if they want to cut you some slack,
they’re scared of their investors. In essence, they’re
afraid of what will happen to them if the investors feel
they are being ‘nice’ to you. Contractual language
forbids them from modifying the loans unless they have
strong reason to do so. They’re worried about
losing their jobs, not you losing your home. That’s
why they end up BULLYING and BLUFFING you. They’re scared,
plain and simple.
What they need is someone who ‘speaks their language’,
banker-ese, so to speak.
One of the only things that will move them to act is an
attorney who understands the law and what their
obligations are on the fine print of the mortgage
contract and the loan servicing agreements. When the
attorney is sophisticated enough to be able to point out
financial modeling and projection charts that show the
banker exactly how much the real damaging cost of a
foreclosure will affect his investors, then the banker sits
up straight for the first time and starts to listen!
It’s a minor miracle when this guy finally realizes that
it’s in the best interests of his investors, his bank and
his paycheck and job security to finally, finally start
taking you seriously! Now he has the data he needs to back
up what You've been saying all along, that it makes sense
to modify your mortgage so you can be at peace again.
IsThis Really Possible? How?
Since graduating from Business School I've
been rewriting mortgages for the last 12 years. We’ve
developed proprietary complex modeling software that
allows us to demonstrate to banks and loan servicers the
full hidden costs of foreclosure vs. modification.
Myself and my attorney contact your banker or loan
servicer and help them see the advantages to them of
modifying your loan.
Once your banker or loan officer finally see that modifying your
mortgage is definitely a win-win-win situation for them, the
loan holder and you they frequently do a complete 180! Thisgives them the confidence (and proof) to demonstrate to
the lenders, servicers and investors the ugly reality
that they’re hiding from – that foreclosing your home is
a huge financial loss to them, costing them far more than
the minor expense of a mortgage modification.
We know the mortgage business, and we know that loan holders
don’t want to think about the full picture. They’d rather
leave you to keep writhing in agony and keep staving off the
wolves at your door every month, so they don’t have to
face the music and deal with their own pain, that of
managing real estate. What do I mean?
When they foreclose and take over your home they now have
to manage it. But bankers are the worst real estate investors of all time!Each time they have to foreclose, they lose money,
starting with legal costs, auction and appraisal fees, not
to mention selling in a down economy with home prices
falling. They’re
much better off with you paying them every month, even at a
reduced rate.
So while we’re polite and professional, we don't let them
off the hook! When armed with the proper financial
modeling that makes the full cost clear, it’s not as hard
for us to get them to see the light that modifying your loan
is the best thing for them because it's in the best
interests of their precious investors! Fortunately that spells big
savings for you as well! By showing them
graphically the snake pit they’re about to step in, we give
them the ammunition to back up your mortgage modification
and justify it to the investors. It actually turns out to
be a relief to them.
Does It Matter Which Company You Choose To Do
Your Loan Modification?
If we lived in an ideal world, you could trust every company to
do what they offer and then just pick one based on price
alone. But in the real world, you know that some companies
are a waste of time (and money!) and others really deliver
the goods. Believe it or not, some of our competitors are
actually hiring former loan officers to staff their
modification departments! These are the same geniuses
that got us all in this mess in the first place!
Worse, some are hiring $10 per hour temporary employees to
man the phones while others have gone beyond that even
moving their entire mortgage departments to India for
cost savings. That doesn’t make it any easier for you, to
say the least.
When you contact us by calling or by filling in the
form above right, this is what you get:
· Rock Solid Success Rate Of 95%.
No One Wins-Em-All, But That’s Pretty Close!
· Free
Consultation And Money Back Guarantee If We Fail
· As Much As 50 %, Or More Off Your Mortgage Payment
Don’t delay! Call us now, or fill in the form so we can
start the process to save your home before it’s too late!
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Federal
Mortgage Modification
