L oan Modification


Typical completion time: 6 - 12 Weeks
Loan Modification is a permanent change in the terms of your existing loan. Lenders may
restructure your loan by a reduction in the interest rate, an extension of the length of the
loan, a lowered principal balance, reduction in the amount of accrued back payments or
late fees, as well as many other options to allow you the affordability to pay your
mortgage. If you are behind on your payments, struggling to make your payments,
expect an adjustment that will cause you to fall behind, you are facing foreclosure, or
fear foreclosure is just around the corner, then you are a candidate for loan modification.

The Loan Modification process usually takes 30-90 days, and consists of many long
phone calls and negotiations. Elite Mortgage Solutions Legal Team will handle every
aspect of your negotiation, and prepare a comprehensive loan modification package for
your Lender, including but not limited to:

Financial Prospectus Workout – Detailed to include all income, assets, and all payments
you make, down to every cost, including Gas! This allows a realistic view of your financial
abilities to be sure you can continue to make your home payments for years to come
once your loan is restructured.

Unlimited Negotiations with your existing lender and/or their attorneys.

Loan Restructuring Proposal – Elite Mortgage Solutions Inc, requests specific terms for
your new loan. Our request is carefully discussed with you so that you are happy with
your new loan.

Representation on your behalf in dealings with your Lender

CMA - Comparative Market Analysis of your home

Pulling of Credit Report

Full Time, one-on-one customer service for your Status Updates

Elite Mortgage Solutions may request modifications in the following ways, however other
options may be used to lower your monthly payments:

a) Request Adjustments, elimination or repayment plans on any delinquent and past due
balances.
b) Request current and future rate of interest charge and monthly payments to be
lowered
c) Request loan balance amount to be less than current loan (lowering your principal
balance)
d) Request Loan to be converted to a longer fixed term
The goal is to get you back on track, current on your payments, and to keep you in your
home for years to come.

ELITE MORTGAGE SOLUTIONS INC

Loan Modification Specialist.


Philis Byrd
209-531-0225

philisbyrd@myloanhost.com



Disclaimer
The information contained herein is provided for general information purposes only and
is not intended to convey a legal option nor legal advice for any
particular case or situation. Nothing in this website shall create an attorney-client
relationship. Nothing sent to this law office via e-mail shall constitute an
attorney-client relationship. Nothing contained in this website shall be construed to be a
guarantee or prediction of result.
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