If you are behind on your mortgage your bank will call and discuss your situation with you (along with call you over and over harassing you to pay your past balance). If they decide that you will be able to make your payments in the future, they are going to offer you a short term modification solution. DO NOT TAKE IT!!! Do you really think that your bank is going to offer you a proposal that is designed with your best interest in mind? Of course not! They are going to design a modification so that they can get every penny out of you in the short and long run while still enabling the homeowner to barely survive. Loan modifications were designed by the banks with the intent of minimizing losses, not for the good will of the community. Preventing foreclosure saves banks millions and just so happens to have the side effect of allowing families to keep their homes. Knowing how to use the banks weaknesses against them is crucial in getting the modification of your dreams. Combine the real threat of foreclosure with our attorney’s threat of litigation and you now hold the power against the banking institution.

Let's face it; no bank is just going to volunteer a principal balance reduction on a property. That results in taking immediate losses which have to be reported to upper management. If you owe more than your home is worth there is a good chance that our Loan Modification Specialists will be able to force them into lowering your principal balance as well as your interest rate. Let the power of negotiation and the expertise of an experienced Loan Modification Specialist work in your favor.  What most banks and lenders will offer is to defer your past due balance, temporarily reduce your interest rate and give you a few months off of making payments. That is not enough. You need your interest rate lowered permanently, your terms lengthened and YOUR PRINCIPAL BALANCE REDUCED!! If they are guilty of predatory lending, which around 80% of loans closed from 2001 – 2007 are guilty of, the banks are deathly afraid of civil lawsuits.

Here at New Paradigm we will analyze your loan documents and your financial situation. If we find a violation you can be saving hundreds of thousands of dollars over the life of your loan. Do not take their miniature offer until you have spoken to professionals who know.  We are borrower advocates here to fight for you against your lender. They knew that the loan that they gave you was going to cripple your financial future when they wrote it, now let’s make them pay!

Call us for your FREE CONSULTATION before you accept any deal from your lender.

 There is no obligation. Call us so we can help you today!

1.800.424.6364