DIAMOND LAW CENTER

Loan Modification FAQ's (32 entries)

• What is a Loan Modification?
• Who is qualified for a Loan Modification?
• Law firms success rate?
• What results should you expect to achieve from a loan modification?
• How much does it cost for the attorney to do the loan modification per property?
• Do law firms guarantee results?
• What if I have low income?
• What are my new loan terms expected to be?
• How much can I really save by performing a loan modification?
• Will every bank agree to a Loan Modification?
• What if my credit score is poor?
• Will the Law Center review my case prior to submitting the loan modification package?
• How many days should I wait to hear back from the Law Center about the results of my audit?
• How long does the process take?
• If there is more than one person on the loan, do they all need to sign paperwork?
• Is there a money back guarantee?
• What forms of payment do you accept?
• Should I skip payments and be late to increase the likely hood of a Loan Modification?
• Are option arms/negative amortization loans negotiable?
• Are non owner-occupied homes negotiable?
• What if there is NO equity and/or the property is underwater?
• Should I continue to make mortgage payments during the loss mitigation process?
• Why should'nt I do this myself?
• How do I know your company/law firm is credible?
• How long have you been doing loan modifications?
• Where is my attorney located?
• Should I just refinance or walk away?
• I don’t think I want to spend that much money on a modification. Should I just make the payments instead?
• Why does it cost this much?
• How does the recent bailout legislation affect my chances of getting a loan modification?
• Is it true that a property owner can rarely can get a Loan modification if your 1st and 2nd Mortgage are held by two different institutions?
• Is it true that a Loan Modification will lower your Credit Scores by 200 points?