.
Have you fallen behind in your mortgage payments? Guilt is something you do not need. Focus on saving your home and taking immediate. Ignoring the problem will only make it worse and may lead to foreclosure and the loss of your home. Stop worrying about the crazy-making and harassing phone calls and make a empowered phone call of your own to someone who can help.
STEP 2: PLAN YOUR RECOVERY
Plan your attack. This is a war that you can win. The plan can be simple. First, look at what went wrong, and what you can do to recover quickly. The purpose of a mortgage loan modification is simply to help make your monthly mortgage more affordable so you can remain in the comfort and security of your own home. Start planning on what you will do to stay on track with your mortgage once you have recovered.
STEP 3: GET BACK INTO THE DRIVERS SEAT
Focus completely on your recovery plan. Get your finances in order. Take care of business (get a new job, second job, roommate to share expenses, realistic budget, etc.). Contact a mortgage modification expert to begin.
STEP 4: START SAVING YOUR MORTGAGE PAYMENTS
Catch up on your essential payments before you can start saving. Essentials are food, medical needs, utilities, etc, do not use Credit Cards. Save the money (or any part of) you would put towards your mortgage. Batten the hatches, tighten the belt!
STEP 5: CALL FOR A CONSULTATION APPOINTMENT TO APPLY FOR LOAN MODIFICATION with Credit Justice Services. Call 904-757-0880 TODAY!
Don’t wait too long.
The foreclosure process is designed so that you have time to get back on your feet and save your home. But that doesn’t mean it’s safe to put this off. The longer you wait, the harder it gets to get you out of that fix. Your situation will not get better with time or if you ignore it.
Do work with an expert.
Your loan modification doesn’t only rest in the hands of your lender, your broker, or your loan modification expert. These people can help, but you have to do your part and cooperate. Make sure to submit your paperwork on time, answer questions honestly, and give a clear picture of your financial situation.
Consider all your options.
There are some options to consider when you find yourself facing the possibility of foreclosure. If you find you’re in a situation where you want to stay in the security and comfort of your home, have fallen behind in your monthly mortgage payments due to a hardship and have a steady source of income, then a mortgage modification may be your best option.
Bankruptcy is a possible option, but only a thorough review will tell if that is the best step for you. It may be that a deed in lieu of foreclosure is your best option, but only careful review by an attorney will help you with that decision. Was your broker deceitful, did they place you in a loan you had no hope of paying? If so, you have other options that an attorney can help you with.
A Short sale is another possibility; it involves selling your home for less than its fair market value and giving the proceeds to your lender. If done properly you owe the lender nothing. But this can also be done incorrectly (usually without an attorney), and you may agree to repay the difference. Good for the lender, bad for you. Although you still lose your home, it’s not as damaging to your credit as foreclosure, so it’s easier to get back on your feet.
Do have a backup plan.
Not all people will qualify for a loan modification. Maybe you’ve fallen too far behind, your lender may be simply hard to work with, or maybe you don’t need it after all. In any case, it’s always good to have a Plan B.
For example, if the credit repair company only sends out five letters a month, this process could take one to two years to increase the clients’ scores, resulting in nearly $2,000 in fees.
The other problem with the large Internet credit-repair companies is that The Fair Credit Reporting Act states that any third party sending out dispute letters on behalf of its client can be considered frivolous and therefore discarded by the credit bureaus. The Internet companies do not have their clients send the letters, and instead they send the letters for their clients. Due to the FCRA law, the credit companies can just ignore the letters.
The law further states that if a consumer disputes the accuracy of his credit report it must be investigated or deleted within 30 days. If the repair company is sending out letters on its client’s behalf, and the credit bureaus can ignore claims made by third parties, then the repair companies’ attempts most likely will not be successful. What good does that do the consumer?
That is why consumers need a company like Credit Justice Services (CJS). Employees at CJS help consumers fight negative information in a timely and direct manner.
The reason CJS has a high success rate is because it’s open and transparent about the credit repair process. It provides clients with a clear-cut timeline, which ensures the consumer isn’t wasting time or money.
CJS is also successful because it has a detailed and proven process for disputing the negative items. By having our clients review and sign each letter, we can make certain that the credit bureaus take disputes seriously. It our proven approach that has helped more than 18,000 people since 2004.
Douglas Muir, CEO
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May 2009
STEPS for Saving Your Home Using a Mortgage Mod. Program
STEP 1: GET YOUR SANITY BACK
by valeria on Mon May 04, 2009 9:22 pm
Have you fallen behind in your mortgage payments? Guilt is something you do not need. Focus on saving your home and taking immediate. Ignoring the problem will only make it worse and may lead to foreclosure and the loss of your home. Stop worrying about the crazy-making and harassing phone calls and make a empowered phone call of your own to someone who can help.
STEP 2: PLAN YOUR RECOVERY
Plan your attack. This is a war that you can win. The plan can be simple. First, look at what went wrong, and what you can do to recover quickly. The purpose of a mortgage loan modification is simply to help make your monthly mortgage more affordable so you can remain in the comfort and security of your own home. Start planning on what you will do to stay on track with your mortgage once you have recovered.
STEP 3: GET BACK INTO THE DRIVERS SEAT
Focus completely on your recovery plan. Get your finances in order. Take care of business (get a new job, second job, roommate to share expenses, realistic budget, etc.). Contact a mortgage modification expert to begin.
STEP 4: START SAVING YOUR MORTGAGE PAYMENTS
Catch up on your essential payments before you can start saving. Essentials are food, medical needs, utilities, etc, do not use Credit Cards. Save the money (or any part of) you would put towards your mortgage. Batten the hatches, tighten the belt!
STEP 5: CALL FOR A CONSULTATION APPOINTMENT TO APPLY FOR LOAN MODIFICATION with Credit Justice Services. Call 904-757-0880 TODAY!
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Loan Modification Do’s and Don’ts
One of the biggest mistakes you can make in a loan modification is to ignore the rules. Although the CJS Mortgage Modification Program does the negotiating, it helps a great deal if you do your homework and arm yourself with the right information. After all, you’re dealing with lenders—and at the end of the day; you still have to play by their rules. Here’s a list of loan modification do’s and don’ts to help you avoid common pitfalls.
by valeria on Tue May 12, 2009 9:19 pm
Don’t wait too long.
The foreclosure process is designed so that you have time to get back on your feet and save your home. But that doesn’t mean it’s safe to put this off. The longer you wait, the harder it gets to get you out of that fix. Your situation will not get better with time or if you ignore it.
Do work with an expert.
Your loan modification doesn’t only rest in the hands of your lender, your broker, or your loan modification expert. These people can help, but you have to do your part and cooperate. Make sure to submit your paperwork on time, answer questions honestly, and give a clear picture of your financial situation.
Consider all your options.
There are some options to consider when you find yourself facing the possibility of foreclosure. If you find you’re in a situation where you want to stay in the security and comfort of your home, have fallen behind in your monthly mortgage payments due to a hardship and have a steady source of income, then a mortgage modification may be your best option.
Bankruptcy is a possible option, but only a thorough review will tell if that is the best step for you. It may be that a deed in lieu of foreclosure is your best option, but only careful review by an attorney will help you with that decision. Was your broker deceitful, did they place you in a loan you had no hope of paying? If so, you have other options that an attorney can help you with.
A Short sale is another possibility; it involves selling your home for less than its fair market value and giving the proceeds to your lender. If done properly you owe the lender nothing. But this can also be done incorrectly (usually without an attorney), and you may agree to repay the difference. Good for the lender, bad for you. Although you still lose your home, it’s not as damaging to your credit as foreclosure, so it’s easier to get back on your feet.
Do have a backup plan.
Not all people will qualify for a loan modification. Maybe you’ve fallen too far behind, your lender may be simply hard to work with, or maybe you don’t need it after all. In any case, it’s always good to have a Plan B.
Good vs. Bad Credit Repair Companies
Over the years, the credit repair industry has come under a negative light. Many companies that promise to improve their clients’ credit have charged exorbitant fees and delivered few results. Internet-based repair companies usually charge clients $79.95 a month without ensuring a specific end date, and it is in their interest to extend the credit repair process. This ends up costing the consumer a lot of money and taking months and months to complete.
by valeria on Tue May 19, 2009 3:44 pm
For example, if the credit repair company only sends out five letters a month, this process could take one to two years to increase the clients’ scores, resulting in nearly $2,000 in fees.
The other problem with the large Internet credit-repair companies is that The Fair Credit Reporting Act states that any third party sending out dispute letters on behalf of its client can be considered frivolous and therefore discarded by the credit bureaus. The Internet companies do not have their clients send the letters, and instead they send the letters for their clients. Due to the FCRA law, the credit companies can just ignore the letters.
The law further states that if a consumer disputes the accuracy of his credit report it must be investigated or deleted within 30 days. If the repair company is sending out letters on its client’s behalf, and the credit bureaus can ignore claims made by third parties, then the repair companies’ attempts most likely will not be successful. What good does that do the consumer?
That is why consumers need a company like Credit Justice Services (CJS). Employees at CJS help consumers fight negative information in a timely and direct manner.
The reason CJS has a high success rate is because it’s open and transparent about the credit repair process. It provides clients with a clear-cut timeline, which ensures the consumer isn’t wasting time or money.
CJS is also successful because it has a detailed and proven process for disputing the negative items. By having our clients review and sign each letter, we can make certain that the credit bureaus take disputes seriously. It our proven approach that has helped more than 18,000 people since 2004.
Douglas Muir, CEO
