Need New Home Financing or Refinancing?
Received a Notice of Default or Trustee Sale?
Loan Modification DENIED?

MRS Financial Services utilizes a reliable, well-developed approach in assisting you through the loan modification process. MRS guides homeowners through challenging loan workouts by offering personalized support, with referrals to highly skilled attorneys experienced in lender negotiations and loan modification

What is a Loan Modification?

If you are behind on your mortgage or lack the funds needed to bring your account current, a loan modification can help prevent your home from entering foreclosure. With a loan modification, your mortgage loan can be restructured to be both reasonable and within your budget, rather than being an overwhelming monthly drain on already tight finances.

Your lender may be able to change one or more terms of your original loan in order to make the payments more affordable. Your mortgage loan could be permanently changed in one or more of the following ways:

• Adding the missed payments to the existing loan balance.
• Changing the interest rate, including making an adjustable rate into a fixed rate.
• Extending the number of years you have to repay.

The MRS Benefits - What We Can Do For YOU

We Save You Time
A successful loan modification may take result a long, exhausting process. Is the best use of your time spent waiting on hold for hours with your bank?

We Provide Professional Support
Dealing with financial institutions can be difficult and with your home at stake, the consequences of a mistake could be devastating. If you want an advocate working for you that understands real estate law and lender requirements, the experts at MRS will be on your side.

We Offer A Number Of Services To Meet Your Individual Needs
In addition to external counsel guidance, MRS offers a number of preliminary paralegal services and can assist you with finding other solutions including short sale, bankruptcy, and refinancing, if it is determined that a loan modification is not the way to go.

Modify Your Loan in Our 5-Step Program

STEP 1: Call Us Immediately

The first step is easy - let MRS walk you through the rest! Pick up the phone right now and speak to someone who can help you. An experienced representative is standing by to answer your questions and offer you support as you move one step closer to finding a mortgage debt solution!

STEP 2: Identify The “Prelims”

For Step 2, we ask you to gather any financial paperwork or records you have for submission, including pay stubs, W2 forms, tax returns, bank statements, loan application, etc. MRS will help you determine what materials are needed for submission to your lender. After receiving the required information, we will provide you with an initial assessment of your loan documentation.

STEP 3: Deploy Legal Services

Your attorney will schedule a consultation to determine the possible outcomes of your loan modification. If you elect to move forward, your attorney will then contact your lender. Further action includes case preparation, negotiations, potential terms and reaching a final agreement.

STEP 4: Case Submission & Negotiation

After a mortgage loan modification package has been submitted to the lender's Loss Mitigation Department, the documents are reviewed and negotiations may begin. Due to the overwhelming requests for loan modifications, however, it may take months before a case is fully resolved.

STEP 5: Manage The Process

MRS will help you manage - we are there from your initial interview, giving you a single point of contact and adding piece of mind.

ARE YOU A CANDIDATE?

1. If you currently have an Adjustable Rate Mortgage (ARM), especially if you have taken out a loan in last 8 years.
2. A Notice Of Default (NOD) has been filed or is about to be filed against your property
3. Actual and/or Anticipated changes in your situation which will materially affect your ability to pay the mortgage. You DO Not have to be late in your payments to qualify for a loan modification
4. Anyone with a Principal Residence or Investment Property
5. Negative Equity in your home

Take out the complexity when considering a loan modification! MRS will compile the required forms and necessary facts to present to your lender. Additionally, we provide offer referrals to external counsel for professional legal services.