Alternatives to Current Loan Modification Efforts
Filed Under: Uncategorized
Filed Under: Uncategorized
Homeowners have choices. They can go to their lender and hope that the information that they provide put them within the 5% of those who get approved. Non – Profits are also alternative. Most people have found them to be overloaded, slow to respond and unmotivated. Then there are the paid for models, Attorneys and Modification Processing companies. Not only are these very expensive alternatives, they are inefficient. With all the levels of management there is bound to be a loss in communication. Getting a simple updated pay stub will typically go like this. The lender requests a pay stub from the person handling the negotiations who then asks a processing manager who in turn asks a sales person and finally the request goes to the homeowner. Then the whole process goes back upstream. 10 contacts for one pay stub. And that is repeated many times throughout the process. It invites all kinds of problems.
It’s obvious to most informed professionals in the business that the homeowner is at a severe disadvantage dealing with the their lender. They really don’t know what kind expenses to disclose to the lender or the changes that they might have to make in lifestyles in order to be eligible.
Our software will give them the best shot at doing this at the lowest cost. We feel that distressed homeowners shouldn’t have to pay exorbitant fees for our software product. We offer a free version for the 5% of those who will fit into the narrow lender guidelines. For everyone else, we offer a premium version that employs an experienced mitigator who will show the homeowner how to use the software to get the best possible result and provides ongoing support.
We have received rave reviews from our affiliates and clients alike. I should add that the principals of our company, Better Living Software Solutions have done thousands of loan mods while engaged as a loan modification processing company. We have extensive experience with the attorney modification firms and counseling centers. In fact, we have a counseling center that uses the free version of our software. The least successful method is the homeowner dealing with their lender direct for obvious reasons. Our goal is to help homeowners to be on a level playing field with their lender so that they accomplish their goal and stay in their homes.