"When we found out that our house was worth a lot less than what we paid for it, we were pretty upset. We thought we had made an investment when we purchased our property, but as it turns out, it was a poor investment. We wanted to get out of the house but couldn't even sell it. We thought about just giving it to the bank, but they didn't want it. We had no idea what to do, but then I found out about 1st Foreclosure Prevention. They were able to give us the foreclosure help that we needed and even helped us with the short sale process. We were able to walk away from a bad investment with hardly any damage to our credit thanks to them."
"We were headed for the foreclosure process and knew that it would really mess up our credit. But we didn't think we had a choice. We tried to reason with the bank and pay them less but they didn't listen. They kept calling and sending us notices. We went to a lawyer who told us to file bankruptcy and wanted a lot of money to do this. If we had that money - we would have paid our mortgage! So finally, we called 1st Foreclosure Prevention after we saw them online. They were able to get us the foreclosure help that we needed and got us a good loan modification to prevent foreclosure."
"When we found 1st Foreclosure Prevention, we were about to file bankruptcy. We thought it was the only way to stop the foreclosure process. We were so embarrassed at having to do this and didn't want our kids to even know. But we had to act right away if we wanted to stop foreclosure from happening to us. We had an adjustable rate mortgage that ballooned out of control and I lost my job. We had nothing to lose by getting the free foreclosure consultation from 1st Foreclosure Prevention. We were actually surprised at all of the choices we had to stop foreclosure. Thanks to them, we didn't have to file bankruptcy and are no longer in debt."
"We were in way over our heads with our property. We bought it high and when the market crashed, we were upside down with our mortgage. We were about to file for a bankruptcy when we found out about 1st Foreclosure Prevention online. We decided that at this point, we had nothing left to lose. We were already resigned that we were going to probably lose our home anyway and our credit would be shot. We are so happy that we called for a free foreclosure consultation from 1st Foreclosure Prevention and got the foreclosure help that we needed. We did not have to file bankruptcy and the loss mitigation experts were able to work out a deal with our bank. Now our credit is back to where it was before we bought the property - thanks to this company."
"I struggled so hard to buy my home for me and my children and thought I got a good deal on a loan. But then I found out that the loan amount was going to go up each month. I wasn't able to afford the new payments. I had gotten a new job after being laid off, but my new job didn't pay as much as the old one. I was really figuring that I was in trouble. I wanted to save my home from foreclosure, but didn't know how. I called 1st Foreclosure Prevention and they treated me with compassion and respect. They knew all about the law, too, and how to stop foreclosure. They gave me a totally free foreclosure evaluation and explained all my options to me. Because of them, I was able to save my home from foreclosure."
"After my husband died, I couldn't the mortgage payments at all on our home. I didn't know what to do and had tons of medical bills. I was at my wits end and was struggling just to get up in the morning because the foreclosure was making me so depressed. I had no idea what to do and was just going to let the bank take the house since I couldn't afford the payments. A friend told me about 1st Foreclosure Prevention. I contacted them and they gave me a free foreclosure evaluation and told me what I could do to keep my home. They negotiated with my lender for me and helped me stop foreclosure. Best of all, they relieved my mind from worry. They were very nice and really knew how to give me foreclosure help. Thank you."
Home / 10 Questions To Ask Your Loan Modification Company
10 Questions To Ask Your Loan Modification Company
If you are considering loan modification as a way to stop foreclosure, be sure to ask these 10 important questions of your loss mitigation specialists:
1. I have heard that some companies have hidden costs involved with this way to stop foreclosure - does your company have a set fee?
We understand that you may be deluged with information from other loss mitigation agencies, some of which do have hidden costs and fees. However, when you choose loan modification through 1st Foreclosure Prevention, there are no hidden costs. We have one low fee and we back it up in writing.
2. Can I get my money back if you are not successful in modifying my loan?
Yes. We are usually successful when it comes to loan modification as we at 1st Foreclosure Prevention have been helping to stop foreclosure through this method for over 10 years. However, in the event that we are not successful in obtaining a loan modification from you, we will give you back your fee less reasonable hours billed (not to exceed half of total fee).
3. Is your company a law firm?
While we do have attorneys on our staff, 1st Foreclosure Prevention is a company that also includes non-attorneys as well. We are comprised of attorneys, loss mitigation specialists, expert negotiators, real estate professionals and even affiliates - all of whom have one thing in common and that is that we want to stop foreclosure from happening to you.
We realize that because lenders are very overwhelmed when it comes to foreclosures during this time and that many are understaffed, more results come from when attorneys place calls. We also recognize the need for legal counsel in some cases. Our mixture of like-minded individuals, all of whom have been in the mortgage industry for years and understand how to stop foreclosure, makes us unique. And because we are comprised of so many different individuals, we are able to offer you many more choices when it comes to loss mitigation.
Your loan modification will be handled with the expertise of the best negotiation team and the modification will conform with the laws of the state in which you reside.
4. Which states do you service?
At 1st Foreclosure Prevention, we service all 50 states as well as the District of Columbia when it comes to loan modifications. Rest easy, we have you covered no matter where you live.
5. Do you offer other loss mitigation options?
Yes. In addition to Loan Modifications, we can help you stop foreclosure in a number of different ways. You can contact us for a free foreclosure evaluation in order to get your options on how you can stop foreclosure based on the laws in your state as well as your current situation.
6. Are the attorneys in your firm real estate attorneys?
Yes. All of the attorneys who are part of our staff practice in the field of real estate and are well versed with the real estate laws regarding foreclosure in your state.
7. How long does the loan modification process take?
This depends on your lender as well as the status of your mortgage. It can take anywhere from a few weeks to a few months - depending on the lender. As many lenders are overwhelmed with work today, it can take a bit longer. However, we will get results for you by making sure we contact the right individuals who are the decision makers in your case and negotiating to get the best deal for you to stop foreclosure.
8. What other options do I have besides loan modification?
Loan modification is a good choice to stop foreclosure if you can still keep up with most of the mortgage payments. If you are very far behind and want to get away from the situation, we can offer you other alternates to stop foreclosure. These may include the pre-foreclosure sale or a short sale.
9. What makes your company better than others when it comes to loan modification?
Our success record speaks for itself. We have been in business for over 10 years and have been successful in stopping foreclosure for thousands of homeowners. We know all of the options that you have to stop foreclosure and present them to you when you get our free foreclosure consultation. We do not just give you one option, but all of them. And we do not charge a fee for your consultation.
10. Do you have any testimonials from those you have helped?
Yes. Throughout the years, we have helped thousands of people stop foreclosure. Many of them have written on their blogs and have written us letters as well. We have testimonials from some of our customers on our site. Take a look at how we gave them foreclosure help and you can see how we can also help you stop foreclosure.
To find out how we can help you stop foreclosure, get a free foreclosure evaluation by contacting us at 866-477-7050 or click here to get started now.
