The 1st Foreclosure Prevention Company strives hard to provide the home loan borrowers with accurate answers to all their queries regarding the process. This helps the borrowers to take informed decisions without any difficulty.
The 1st Foreclosure Prevention Company has been in this industry for the past several years and knows the nitty-gritty in this field. They have a diversified experience with a team of financial experts those who can give the best of answers for all their customers. They help their customers to make informed decisions and educate them regarding the process. This helps the borrowers to understand the difficulties in the procedures and act smartly and accordingly. Here is some valuable information regarding the process.
Can I go ahead with the loan modification process?
Legally speaking, you are entitled to do your loan modification process for which you have to collect the financial information of the previous 2 years. Then you have to organize the information as exactly needed by the creditors and then lenders can be contacted. It will take several weeks to get the reply from the creditors. The procedure is quite tedious. However, you can do it on your own. The result will not be encouraging. It is outrageously difficult when it comes to handling such extreme situations. California loan modification attorneys are the best to work for you under such cases.
Duration of the process:
There is no proper answer for this question. It is highly dependent on the financial situation of the borrower and the creditor’s policies. It might take from few weeks to even months. The procedure for federal loan modification and FDIC loan modification will take a bit longer to get executed.
Time gap between the procedure of receiving the foreclosure notice and losing the home:
The entire procedure will take about 3 months to get over. A potential attorney will be in a position to delay the process as long as possible.
Do I have to wait for a longer period?
You can contact the attorneys from our company right away. You will be surprised to see maximum number of options before you. It is only a highly qualified and experienced attorney can do the rightful things to you. He/she can accurately analyze the situations and act accordingly. You will be given the best of options to deal with.
What is loan modification?
A loan modification defines a change in the term of repaying loans which is due to the inability of the borrower to repay it promptly. The objective is to reduce the monthly installments with lower interest rates and longer repayment schedule.
The 1st Foreclosure Prevention Company is one of America’s pioneers when it comes to loan modification companies. They negotiate hard with the creditors to get the best help for you.
Contact: 1st Foreclosure Prevention
[email protected]
Contact No: 215-660-5494
Fax: 800-477-7951
Address: 67 Buck Road B25, Huntingdon Valley, PA 19006
http://www.1stforeclosureprevention.com
