What are some of the key ingredients to a successful modification?
The most important thing for a loan modification in terms of success is thinking outside the box. The lenders really DO NOT want the houses, if you can give them a compelling enough reason to offer a loan modification, they will do it.
We will review your file and find the best approach to present to the lender. If one scenario doesn’t work, we will find another, which is another key ingredient, persistence. Continued contact with the lender ensures that the file is looked at, which is the number one thing that most people trying to do a loan modification on their own do not do.
Cooperation and commitment from you are also essential, it does no good if you put together a fantastic package and you decide you cannot meet the obligations necessary to save your home.
Nicole Video Testimonial: Click the Play Button to hear the video
Richard B. Video Testimonial: Click the Play Button to hear the video
I highly recommend Sarah Laflin to represent you in your loan modification. Not only did she help me modify my first mortgage with Merrill Lynch she also helped me on my second with Union Bank. Both loans were to be sold at auction. I had days to stop the procedure; time was not on my side.
I had contacted an attorney who promised the world but did nothing to move on my file. I had to constantly hound him for updates and all I heard was “were working on it”. Then I heard from both banks that NO ONE had contacted them. I was in more of a bind with the banks because I did not turn in my hardship letter that they said I needed to send to them. Both banks gave me a deadline The attorney said he was going to take care of it. Nothing was done, He was more of a “crisis attorney” and basically only started to see what he could do when I called him and told him that I received a call from Sarah that my house was due to be sold in 2 days. The attorney did not even know this. It was after my call that I realized I needed to do an immediate switch. This was my house and I needed someone who knew that losing my home was serious and I wasn’t just a number or another dollar sign.
Sarah had been a friend of mine. We had worked on some business deals in the past; we both have real estate experience. She was someone I trusted when we were working on business deals and when she told me that she successfully modified her own home I began to tell her my story.
Sarah stepped in, “took the reigns” I guess you can say and began working her magic to help stop the sale. She put me at ease. I was an emotional wreck. She didn’t give up, she gave 100% of everything she had and tried to keep my spirits high everyday. I am a single mother with 2 kids trying to keep a house over their head. I had been out of work with 2 loans that had been adjusting. I no longer could make the payments. I had just found a new job and could not take time off or be on personal calls. Sarah did it all, all the leg work,all the calls. “She was my voice.” when the banks would not listen.
She worked with the banks, she stayed on the calls, she wrote the letters, and she built relationships with the bank employees that set us apart from just another person calling to modify their loan. She got them to listen and understand my situation when I could not. She showed them what I could afford and why it would work. How financially it was possible if they just gave me a chance. I received an amazing interest rate that is fixed for 30 years. It blew me away.
She cares, she’s honest, she is experienced, and she is the only person I would recommend someone to. If it were not for her, my children and I would not be our home.
