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Webinar: How To Save Your Home From Foreclosure And What To Do If You Can’t

Watch Our Webinar : Save Your Home From Foreclosure

Our Webinar Will Answer All Of Your Questions About How To Save Your Home From Foreclosure, And What To Do If You Can’t

Our powerful Webinar about the Foreclosure Process and Loan Modification will answer all of the questions you have like:

What Is The Foreclosure Process In New Jersey?
What Is The Timeline Of Foreclosure?
How Can A Loan Modification Help Me?
What If I Can’t Get A Loan Mod?
How Could A Bankruptcy Save My Home From Foreclosure?
What Should I Do If It’s Too Late In The Game To Save My Home?
…. And So Many More!

Download Your Free “Find My Solution Worksheet”

Our Free Solution Worksheet will help you when we go over our Solution Analysis in the Webinar. Make sure to download it before viewing the Webinar by clicking the green button below.

No need to fill out the Solution Worksheet before viewing, we will help you with that!

Find MY Solution worksheet foreclosure bankruptcy loan modification find out how to save your home from foreclosure

 

Talk To Todd Now

After viewing our Webinar, schedule an appointment by clicking on this button below. Once you book an appointment, Todd will call you back at the time of your choosing for a one-on-one strategy session. Click the blue button below to schedule your appointment today.

Talk To Todd Now Todd Murphy Law New Jersey foreclosure lawyer loan modification bankruptcy find out how to save your home from foreclosure

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Can I Apply For A Loan Modification After A Bankruptcy?

Apply for loan modification after bankruptcy Have You Filed Bankruptcy, And Are You Wondering, “Can I Apply For A Loan Modification After A Bankruptcy?”

The answer is yes. You can still apply for a loan modification after a bankruptcy. Sometimes using a bankruptcy and loan modification in combination with one another can achieve the most desirable outcome in helping you save your home from foreclosure. This is especially true if you could not get approved for a loan modification before filing for bankruptcy. It is likely that trying to get a loan modification was your first course of action, but for whatever reason, your application was denied. Then you filed for bankruptcy. The wonderful thing about bankruptcy is that once you file, you can then (re)apply for a loan modification with better chances of being approved for one.

Why Should I Apply For A Loan Modification If I Already Filed For Bankruptcy?

A bankruptcy opens up the possibility of getting a loan modification if you couldn’t obtain one the first time around. More importantly, a loan modification can adjust the terms and payments of your bankruptcy and make it more reasonable.

If you want to learn about how to get a loan modification, read our post: How To Get A Loan Modification.

Or, if you are interested in finding out how a bankruptcy works to save your home, read our post: How Does Bankruptcy Help Save My Home In Foreclosure In New Jersey?

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Why Should I Act Fast In Applying For A Loan Modification?

loan modification act fastDon’t Wait! Why Should I Act Fast In Applying For A Loan Modification?

A fundamental mistake most people make is not to apply for a loan modification as quickly as possible.  You must act fast  in applying for a loan modification to save your home.  It becomes apparent when you understand how a loan modification works. A loan modification takes your missed payments and rolls them into your future payments; then you arrive at a new monthly payment, which is usually lower than the original amount because the loan typically has a lower interest rate and a longer term. The more missed payments, the harder it is to be approved.

You probably know that it takes many months in New Jersey for the foreclosure process to progress from Complaint to Sheriff Sale, but don’t let this time-frame let you think you can wait to apply.  Don’t Wait!

If you want to find out the 2 biggest pitfalls when trying to get a loan modification, read our post: Two Biggest Reasons People Fail To Get A Loan Modification.

So Why Should I Act Fast?

A loan modification is the best option for those looking to save their homes, it gives you the best outcome. But, the longer you wait, the more mortgage payments you miss. As a result, when your application is analyzed, the more payments you have missed makes the new monthly payments higher, and this makes it harder to be approved.

Loan modifications can take a long time to begin with, to increase your chances of getting approved for one, it is smart to get started on the process ASAP if you think you may qualify.

To find out if you qualify for a loan modification, read our post: Will I Qualify For Loan Modification?

And, if you think you qualify and want to know how loan modifications work, read our post: How To Get A Loan Modification. 

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Why Are Loan Modifications Frustrating?

Home loan modification frustratingIs Your Lender Constantly Giving You The Runaround…Why Are Loan Modifications Frustrating?

There are a million and one reasons why getting a loan modification can be the most frustrating endeavor ever. We hear it constantly, “I keep sending my documents into the bank over and over again and they tell me they lost them, ask for the same document over and over, and then ask for additional documents. Then, I get denied and they won’t tell me why.”

The unfortunate truth of the matter is the loan specialists you work with idon’thave any authority and you hardly ever speak to the same person twice, leading to confusion and misunderstanding.  There are a lot of different processes going on in the background when you send your documents in to the bank, it can be frustrating to understand why your application keeps getting denied, or why the process is taking so long.

Common Complaints About Getting A Loan Modification

  1. Your bank won’t stop pestering you for the same documents repeatedly
  2. You keep faxing the bank the same documents
  3. You reach a different agent every time
  4. The agents all tell you conflicting information
  5. You’re spending hours on hold, to get nowhere
  6. Your lender isn’t responding to you
  7. Your application was denied, even though you qualify
  8. The bank lost your documents
  9. Your bank keeps transferring you between different departments every time you call

End The Struggle – Get Your Loan Modification

There are basic things you must know in order to have a good shot at getting your home loan modification application approved. To discover how to get a loan modification, read our post: How To Get A Loan Modification.

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Why Is Loan Modification The Best Tool?

home loan modification best toolWhat Makes Loan Modification The Best Tool?

Why is Loan modification The Best Tool? It is one of the essential tools for saving your home from foreclosure, and is the best option – if you qualify.  It will give you the best outcome above all other options– chapter 13 and chapter 7 bankruptcy being the other options. A loan modification allows you to begin a repayment plan, without the baggage that bankruptcies can carry.

Loan Modification As Your Go-To Choice

Loan modification allows you to roll all of your missed payments into future payments; your loan is re-amortized. The adjusted loan is based upon your missed payments and principal balance combined, and usually has a lower interest rate with a term of 30 to 40 years, which results in a lower monthly payment.

I’ve Decided I Want To Apply For A Loan Modification, What Should I Do Next?

If you want to apply for a loan modification to save your home from foreclosure, you should first find out if you qualify for one. There are certain criteria you must meet, regarding your income and expenses, to qualify for the loan modification. To find out if you qualify, read our post: Do I Qualify For A Home Loan Modification?

From there, if you think you qualify for a loan modification, read our post: How To Get A Loan Modification.