Attorney Empowerment
with every loan Modification we negotiate.
At New Hope Mortgage Solutions,
we work for a network of attorneys
that work for you.
Here at New Hope Mortgage Solutions, we do things differently than mostly all of the Loan Modification companies you have read about or spoken with. We are not a Loan Modification Company at all, we are a processing company for experienced attorneys. We work for them, and at no time in the process do you actually hire us at all. You are a retained client of the attorney. These attorneys know New Hope Mortgage Solutions knows exactly what the attorney needs to present an amazing case to the Banks, Lenders and Servicers that except your payments for the investor.
The owner of New Hope Mortgage Solutions has been in the mortgage industry for over 10 years, and the Loss Mitigation Industry for over two years. At New Hope Mortgage Solutions
we take amazing pride in assuring your case, documentation, as well as the key to the whole modification your hardship letter is perfect. We work diligently with the attorneys to ensure that your case and documentation are ready for success. Some of the best attorneys in the industry have hired New Hope Mortgage Solutions, because of the thoroughness and knowledge in providing the attorney with an amazing case to negotiate and mitigate for the homeowner to achieve maximum results in your loan modification process. Here at New Hope Mortgage Solutions we do things the correct way, and you should not be fooled by any loan modification companies that ask you for upfront money. The only time a retainer should be taken is by a true attorney, and you should be in a one on one contract with them. If any loan modification company tells the homeowner not to pay their mortgage payments while going through the process of the modification, for any reason that is also wrong. So wrong that you can still be in danger of foreclosure if you don't make your payments if you can. If you come to an attorney for help and your mortgage company has returned your payments, that is one thing. Never ever allow any loan modification company to tell you its OK to pay them or any attorney instead of your payments, as that is not the correct procedure at all. Never skip your mortgage payments if you can help it.
We pride ourselves here at NHMS in giving the best advice we can for the loan modification process. You will have the guidance of an attorney who has years experience in the mortgage industry and in negotiations with the banks. David Bokeno Attorney at law and his Asst. Attorney have over fifteen years experience working directly with the Attorney General in Loss Mitigation before opening his own firm. Know that you are in good hands with a team of knowledgeable people who will help you through one of the most difficult times of your life.
The programs that are available today are based on ratio's, your income minus your expenses. It is crucial that your numbers work and your case is presented in an obtainable hardship before you approach your lender. This is defiantly not an easy process for any home owner to do alone. Having an experienced attorney increases your chances for a "true" Loan Modification by 98%. We invite you to sit back and read all of the informative information our website provides, as all the information was aquired by fact and years of experience.
We have a network of attorneys in the field, call today and ask for our free applictaion to see if you have a hardship that will allow you to modifiy your mortgage today!
Frequently Asked Questions about Loan Modification
What is a loan modification?
A loan modification is a permanent change to one or more terms of your home mortgage loan such as your interest rate, your principal balance or how many years you have to repay your loan.
The general goal of a loan modification is to make your mortgage more affordable; allowing you to keep up with your mortgage payments and your lender won’t foreclose on your home.
What is the difference between loan modification and refinancing?
In a refinance, you’re not making any changes to your current home loan but rather taking out a new mortgage loan to pay off your current home loan. Your new mortgage will often carry a different monthly payment and interest rate…
Loan Modifications Not Helping Homeowners
ALAN ZIBEL | April 3, 2009
WASHINGTON — Though lenders are boosting their attempts to curb record-high home foreclosures, fewer than half of loan modifications made at the end of last year actually reduced borrowers' payments by more than 10 percent, data released Friday show.
The report, based on an analysis of nearly 35 million loans worth more than $6 trillion, was published by the federal Office of the Comptroller of the Currency and the Office of Thrift Supervision. It provides the most detailed and broad analysis to date of efforts to stem the foreclosure crisis, which President Barack Obama is trying to combat with a $75 billion plan to promote loan modifications....
"When my husband and I purchased our home 2.5 years ago the economy was not in such a drastic state. We paid way to much for our home. We signed a interest only loan. Then my husband got laid off. Everything was going wrong. Soon after moving in we realized that our basement floods, and we have the coldest house in the world in the wintertime. And on top of this, the mortgage has not changed over the last 2.5 years. We tried to call the"we buy homes" companies, but they all said the same thing, you owe to much on your home. Finally 1 man named Kevin said he knew someone that could help. Her name was Angela. Angela called me and that is when we finally felt there was hope. Both her and Erica have been wonderful. They helped us modify our loan before we got behind on the payments. This is NOT a scam. There are a lot of bad companies out there, but this is not one of them. If you are in a bad state, what do you have to lose, but your dept. They helped us and they can help you.The Jacksons"
Mrs. Jackson of Windsor Mill MD on January 04, 2010
What is Loss Mitigation?
The mortgage crisis has greatly affected the housing market. There have been some steep declines over the past year and a half to two years in most areas of the country. Along with several strict changes to lending guidelines, it has become almost impossible for most struggling homeowners to refinance out of their toxic mortgages. Fortunately, we can help…
What is Debt Settlement?
Debt settlement is an attorney-backed negotiation on behalf of a client whereby the client's creditors agree to settle outstanding debts for a dollar amount that is significantly lower than the actual amounts owed. We guarantee that we will settle the client’s debt(s) for 50% or less than what the client actually owes the creditor.
What is Credit Rehabilitation?
It is essential for all of us to have good credit these days. Lending has changed in so many ways, especially all things associated with one’s credit score. New Hope Mortgage Solutions, LLC has been working hand and hand with Credit Unlimited for six years. Sign up and join the program under New Hope Mortgage Solutions, LLC. We can help monitor your credit along with one of the best credit restoration programs available today!
Better Business Bureau Insight
As of September 2008, the Better Business Bureau (BBB) has determined that with all the different laws within the Debt Settlement industry, they are not yet going to support something so new. In some states the regulation is very unclear; therefore the BBB refuses to give accreditation to companies such as New Hope Mortgage Solutions’ affiliate attorney partners or any other Debt Settlement programs. Those companies that are showing accreditation are misrepresenting the truth, not only to consumers but to the BBB. None of the Debt Settlement companies are accredited with the BBB. If you read a website that states they are accredited, know that it is wrongful information and they are falsely advertising. Not a very good way to start a relationship with you, is it? We hope the BBB will open its vision soon as our industry is growing at an unbelievably rapid pace due to the life changing service provided to consumers in need. New Hope Mortgage Solutions must have the ability to utilize tools such as Debt Settlement in order to lower the debt to income ratios and qualify for the "Making Homes Affordable Program". Without these programs, some of our homeowners would be doomed. As you can see it was a very hard decision to choose between. However, qualifying our clients to achieve maximum results is our largest concern.
New Hope Mortgage Solutions trained and experienced specilaist know what your bank wants you to show in regards to you. We use the same modification software and application process as those of the largest U.S Banks and FInancial Instutions.
The number one reason for modification declines is submitting incorrectly completed forms with the wrong ratios. By knowing the exact ratios and information that your lender requires we make sure you get it right the first time.
You have the peace of mind that you are doing everything you can to save your home...the right way, the first time.
Congress woman, Maxine Waters,
on hold with Bank of America's
hotline showing CNN news
how difficult it is for a homeowner
