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Loan Modification Free Consultation- Janianand Associates
www.JanianandAssociates.com
Janian and Associates Loan modifications help prevent foreclosures andbankruptcy. It is a win-win situation for all parties involved and can greatlybenefit the economy.
The purpose of a loan modification is to lower a homeowners'monthly mortgage payment in order to helping them afford to stayin their home. Loan modifications help prevent foreclosures andbankruptcy. It is a win-win situation for all parties involved andcan greatly benefit the economy.Since February, a whopping 1,700 borrowers have received newloans under the loan modification program. The poor results arebeing attributed to the unwillingness of borrowers to submit thepaperwork required to apply for the loan modification.The banks say that one of the biggest problems is that the homeowners who could probablyqualify for loan modifications simply don't submit complete applications. They need to fillout the paperwork completely in order to qualify. Less than 40% of homeowners who couldqualify have completed the application process.As a result, Janian and Associates is offering free consultations to homeowners facing thepossibility of foreclosure.These free consultations are to educate homeowners about theloan modification process, their rights and options. The overall objective is to protect therights of homeowners and find solutions.
What is a loan modification?
Loan modification is the process that enables homeowners and lenders to work together toestablish new loan terms in an effort to prevent a foreclosure from happening. This processdoes not establish a "new" loan, it simply modifies a homeowner's existing loan.There are certain requirements homeowners must meet in order to qualify for loanmodification. For example, many homeowners have been laid off from their jobs ordownsized as a result of the recession. These unpredictable circumstances have causedmany hardworking families severe financial hardship. In such instances, 31% or more of thehomeowners' gross monthly income is going towards their monthly mortgage payments.Such extenuating circumstances meet the basic requirements.
Janian and Associates has performed successful loan modifications in all 50 statesand has had great success getting loan modifications with the following mortgagecompanies:
•AMC Mortgage•American Home Mortgage Service•Bank of America•Beneficial
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