iMOD Loan Modification Group specializes in dealing with mortgage lenders to modify one or more of the existing terms of the loan to enable the homeowner to save their home from default, bankruptcy or foreclosure during financial hardship.
Requirements for Loan Modification are quite simple. When dealing with the bank, iMOD must be able to demonstrate a hardship on the part of the mortgagee and in many cases we can save the homeowner tens of thousands of dollars as the mortgage is suspended (payments stop during the modification process).
Mortgage modification results vary as no two mortgages are exactly alike, however there are several factors iMOD will negotiate with the mortgage lender utilizing tools from state and federal legislation (The Obama Plan ) to keep homeowners in their homes. The most common terms we modify for our clients are:
- Reduction in Principal Balance
- Lowering the mortgage interest rate
- Transform from an Adjustible Rate Mortgage (ARM) to a fixed rate mortgage
- Reducing or eliminating late fees and penalties.
- Lengthening the mortgage loan term
- Lower the monthly mortgage payment base on a percentage of the household income
iMOD Loan Modification Group
285 Commandants Way
Chelsea, Ma 02150
(617) 336-7162
Call Now for a Free Consultation
Attorney Kendra Stephenson
Our legal team is highly experienced in mortgage loan modification and our attorneys know the formulas the banks use on a case by case basis and how far they're willing to bend on the current mortgage terms.
617-366-7162
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iMOD Mortgage Loan Modification Attorneys mission is to stop foreclosure on our clients' homes as well as lowering the monthly mortgage payment and to lower the interest rate on the mortgage without refinancing. Stop paying your mortgage while the bank is on notice of the loan modification. Our client don't necessarily need to be in financial hardship as most mortgage holders can benefit from a mortgage modification to reduce the monthly mortgage payment and lower the interest rate. We serve clients from the following cities and towns in Massachusetts: Worcester, Boston, Springfield, Fall River, New Bedford, Lowell, Revere, Everett, Boston, Somerville, Cambridge, Saugus, Lynn, Salem, Meford, Malden, Melrose, Stoneham, Wakefield, Winchester, Woburn, Arlington, Belmont, Watertown, Brookline, East Boston, Milton, Quincy, Randolph, Winthrop, Swampscott, Canton, Norwood, Dedham, Westwood, Dover, Needham, Wellesley, Weston, Lincoln, Waltham, Lexington, Reading, Wakefield, Burlington, Lynnfield, Peabody, Beverly, Wilmington, Sudbury, Wayland, Framingham, Dover and many other cities and towns in Massachusetts which need our help.
There is NO FEE if we can't help you lower your mortgage payments. Call Today.
