Loan Modification
At Consumer Reorientation Overhaul, we know this process can be long and painful, reason why our negotiators and processing agents, are to help you out. We understand that sometimes the pressure falling behind your mortgage is unbearable, reason why we will fight hard, to get you a more affordable payment, banks constantly try to manipulate their customers into Short Sale or Deed in Lieu of foreclosure, before even they try to check if the borrowers are able to qualify for any of the loan modification government programs or private investor programs.
Our team of professionals will explain you all the details of your current situation, what to expect from it and how to handle it, we want you to stay in touch with your mortgage bank, be aware of any company that advise you not to pick up calls from your mortgage lien holder, as many times these companies don't want you to find out, there is no documentation in process or if they have wrongfully denied you for missing documentation or wrong information that was provided to them. At Consumer Reorientation Overhaul we carefully analyze all aspects of your Loan to bring you the best possible solution, we also encourage you to keep in touch with your mortgage bank. As we know they could have some vital information that can speed up the process and also we believe you have the right to know about your mortgage situation.
Our affiliated team of attorneys will check all your mortgage and foreclosure documents, as you might already know there is many foreclosure procedures that bank attorneys are required to follow, in the event they skip one of the necessary steps to take away your property, we will find out and we will put a stop to that. If you are interested in knowing more about foreclosure defense and any other legal services please click here and one of our affiliated attorneys will contact you for a 30 minutes “Free consultation”
The Process
Workflow:
At the first interview, we will find out more about your case. After carefully reviewing the financial information that you have provided to us, we will compare that information with the one your mortgage lien holder has. We will find out if they have the correct and complete information about your case.
After that initial review, one of our processors will forward your mortgage documents to be analyze by one of the specialist at World Consulting Corp. so they can review and audit your mortgage loan documents. After the audit is done they will forward all the information back to our processor, who will add it to your file. The next step is the most important, as this is a common issue that borrowers have when it comes to modifying or selling their properties. "Liens and Judgments". Our company will help you to check if you or your property have a liens or judgments against both, as this is one of the reasons why mortgage servicers hold the loan modification process or denied you for not cleaning up all those liens and/or judgments. This service is brought to you by Elite Real Estate Services.
Once we have all your personal and housing information we will be able to create a Loan Modification Proposal to the bank. In which we will explain how they can modify your loan under the Making Home Affordable Program or any other program that is available for you.
To apply or for more information please click here
Documents Checklist
1. Complete the following forms.
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Request for Mortgage Assistance (RMA)
2. Collect and send copies of your financial information. Please note: Documents will not be returned.
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Your 2 most recent pay stubs with year-to-date earnings If you are self-employed or an independent contractor, your most recent quarterly or year-to-date Profit & Loss Statement with company name and date; send all statement pages, even if they’re blank
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If you receive Social Security, disability or death benefits, pension, public assistance or unemployment income, your benefits statement or letter from the provider with the amount, frequency and duration of the benefit; send all pages, even if they’re blank AND your 2 most recent bank statements showing receipt of payment; send all statement pages, even if they’re blank
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Documents showing additional income you would like us to consider
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Your 2 most recent personal checking, savings, money market, mutual fund, stock and bond statements; send all statement pages, even if they’re blank
3. Continue to pay your mortgage. While we review your modification request, please continue to make your current monthly mortgage payment by your usual due date. Please see below for copies of additional information you may need to send us..
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Your current property tax statement; send all statement pages, even if they’re blank ( If one is not provide it and you wish to obtain it a field agent can always go out and get it, this service comes with an additional charge)
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Your Homeowner’s Insurance Policy Declaration page If you’ve divorced or separated since you bought your home, please provide:
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Your divorce decree or separation agreement
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Legal documents showing the amount, frequency and duration of child support, alimony or separation maintenance income if you would like us to consider it as qualifying income AND your 2 most recent bank statements showing receipt of the payment; send all statement pages, even if they’re blank. Please note:
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You aren’t required to disclose child support, alimony or separation maintenance income, unless you want us to consider it as qualifying income. If you have flood insurance, please provide:
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Your Flood Insurance Policy Declaration page, if your property is in a Homeowners or Condominium Association, please provide:
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Proof of payment of association dues and fees, including the total amount
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If a borrower or co-borrower on the mortgage is no longer living, please provide: A copy of the death certificate
All cases are different and might require extra documentation. C.R.O. will not submit an incomplete application, all borrowers are required to provide all the necessary documents to complete their application.