subject: Modification Experts - What We Do and Accomplish for Our Customers [print this page] Modification Experts - What We Do and Accomplish for Our Customers
On the opening page of this website we mentioned the importance of working not only with experts with modifications but with professionals as well. Here at LocalMod we actively increase our knowledge and expertise in this industry offering our customers increased potentialin consummating a modification on their behalf. Here is what we do for our customers:
Time and Hassle. You may have noticed or even received from your bank saying something like this, "Don't work with companies who charge a fee for their service, you can do it yourself." Recently I spoke with a gentlemen who is on his third time trying to modify the loan himself. Each denial took two months, and so he is at least six months struggling to make his payment, although he qualified for the modification the bank has denied him. Though we may charge a fee for our services, we are able to increase our customers chances in receiving a modification. What this gentlemen has not been able to accomplish himself could have been accomplished through us. This would have provided this homeowner a peace of mind, the potential of lowering his monthly payment by $200 or more (every modification is unique to the individual loan and homeowner), and he wouldn't have had to go through the hassle of applying three times. One we save our clients time and hassle with the knowledge and understanding we have with the mortgage industry.
Negotiating Skills. In order to be a good negotiator you need to know what you are negotiating. Just telling your lender and filling out an application isn't going to increase your ability to consummate a modification. We have experts and professionals who understand the industry, how to persuade and convince the lender that you will keep current payments with your new mortgage. These skills and knowledge is another reason for our successful percentage.
Experience and Education. Our owners have successfully completed hundreds of mortgage modifications for our customers. We know the road blocks, the possible issues which may come up, and how to respond to them. We are licensed originators who have received 60 hours of Federal and State education requirements, and continue to educate ourselves daily in the service we provide.
Satisfaction Guarantee. We have noticed most mortgage modification companies offer some form of guarantee in consummating your modification. However, not every company provides a satisfaction guarantee to back it up. Let me explain, you authorize company XYZ to negotiate a modification. They offer a guarantee for their service. Finally, you receive notice of $45 dollars off your current payment from your Lender for a permanent modification. Now, according to the contract whether or not you are satisfied with $45 dollars less on your mortgage payment doesn't matter. The contract specifies they will get you a modification, as such they have honored their end of the contract agreement. Now if you are satisfied with $45 dollars when you paid a fee of over $3,000, that is up to you. This is where LocalMod.org is different by offering our customers a satisfaction guarantee. With us if youwere unsatisfied with the $45, as with this hypothetical example,we provide a guarantee specifying 100% of your money back.
Upon reading this, if you think we are saying that you shouldn't try a modification by yourself, without professionals assistance, than you have misunderstood the purpose of this article. By all means if you feel you have the time, willing to deal with the hassle of bank politics, have descent negotiating skills, and have a basic idea of the terminology and implicitguidelines, qualifications and requirementsof a modification then move forward in applying for a modification yourself.
Here is the purpose of our business as Mortgage professionals and expertsby assisting homeowners who:
Don't want to deal with the hassle of calling and waiting on bank approval themselvesand would like to increase their potential to successfully obtain a modification with their lending institution.
Don't have the time during their bank's business hours to contact and keep in contact with the banks. Sending documents, sending emails, calling over the phone and possibly waiting 30 minutes just to get a simple questions answered (Is this last statement factual that it may take 30 minutes? Yes.)
Don't feel they have the education or experience to successfully negotiate a mortgage modification themselves.
Love our 100% satisfaction guarantee that we will deliver on ourservicesor their money back.
Recognize that their expense/cost in receiving our service does not out weigh the potential setback of foreclosure, back payments for late fees (whichshould be waived,by the Mortgagee, at the time of the modfication), just barely getting by month-to-month hoping something else doesn't come up which will put you over, etc.
