Services
Your Bank Connection and a Legal Network of Attorneys offers a virtually unlimited list of mortgage modification products because of our vast experience, industry partners and national success in helping stop foreclosure. When it comes to Loan Modifications, we offer our clients a vast and powerful resource for success. Listed below is a comprehensive list of modification services we offer our clients. Please keep in mind many of our clients receive many or all of our modification services from their lender.
- Loan Modification Process
Here is an over view of the process the Loan Modification Legal Network provides the homeowner ... More
- Principal Balance Reduction
Lowering the principal balance owed on a home as a result of a decline in the housing market values. This is a great benefit to the homeowner saving them tens of thousands of dollars over the life of the loan ... More
- Interest Rate Modification
This permanent change to a borrower's interest rate is the cornerstone to a successful loan modification. Many of our clients end up with 30 year fixed interest rates between 2.75 and 6 percent. ... More
- Loan Term Modification
Another service included in a loan modification where a mortgage term is extended resulting in a monthly payment reduction. ... More
- Streamlined Loan Modification Program
Federal Housing Finance Agency, Freddie Mac and Fannie Mae, implemented the new (SMP) program December 15 2008 to help stop foreclosure for American homeowners. ... More
- Forensic Mortgage Loan Audit
A Forensic Loan Audit is an important tool used in negotiating a beneficial loan modification for the homeowner.
This process includes a in depth look into you loan documents specially looking for RESPA violations, fraud and
other violations committed by the loan officer, title agency, appraiser and lender. ... More
- Short Sale
A short sale occurs when the proceeds of a real estate sale will not cover the current balance owed on the property. A successful short sale will result in the bank or mortgage lender accepting payment in full by reducing the principle balance owed. ... More
- Predatory Lending
Predatory lending has been front in center in the push for more transparency within the mortgage industry.YourBankConncetion.com and the 50 state network of Attorneys has been on the lines in this war against unscrupulous lending practices. Predatory Lending has many ugly faces and is the main reason the US housing market is in shambles. Lenders, Banks, and Mortgage Brokers many times, set terms the borrowers in no way, shape or form could meet. ... More
- Deed in Lieu of Foreclosure
Under many conditions lenders will accept the property back from the borrower as full payment in order to save the time and expense of going through the foreclosure process. ... More
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