Mortgage Modification Legal Network has just launched its new Spanish division, Centro Legal de Modificaciones Hipotecarias, which can be found at www.modifiquehoy.com
MMLN’s goal is not only expand the audience in which they speak too, but make loan modifications easier and more comprehensive for the end users across all communities.
This weekend Centro Legal de Modificaciones Hipotecarias will be speaking at Templo Calvario on Sunday January 18th, located in Santa Ana, CA. CLMH was asked to speak to Templo Calvario’s congregation to help inform them of today’s market and their options with loan modifications.
Mortgage Modification Legal Network and Centro Legal de Modificaciones Hipotecarias’ ultimate goal is to inform communities of their options and how loan modifications may be the answer they are looking for.
To learn more about the loan modification process or a local seminar in your community visit www.wesavehomes.com or www.modifiquehoy.com today.
Monday, January 12, 2009
Tuesday, January 6, 2009
Mortgage Modification Legal Network Announces a Free One-Hour Two City Seminar
Mortgage Modification Legal Network Announces a Free One-Hour Two City Seminar
Learn How to Modify Your Existing Home Loan
Temecula and Corona, CA -- On January 20th at 7:00 PM The Mortgage Modification Legal Network will hold their first of a two city seminar series in Temecula and in Corona, CA. The Temecula seminar is scheduled at Chaparral High School, 27215 Nicolas Rd. Temecula, CA 92591 with Corona taking place at Roosevelt High School 7447 Cleveland Ave, Corona, CA 92879 on February 5th at 7:PM. These seminars are to help inform the local communities in the San Bernardino and Riverside County areas.
New Federal Banking regulations and lending practices have changed in order to address the growing foreclosure rate. For those whose mortgage has adjusted or if equity has disappeared, this one hour seminar will educate you on the government’s new policies as well as how to qualify for a loan modification.
“It was announced on November 2, 2008 that 1 out of every 5 homeowners nationwide are ‘underwater’ on their mortgage. California is 1 of 5 states accounting for 60% of the most significant loan problems. There has to be direct involvement with the homeowners to establish trust going forward and we have found that our community outreach and counseling program has been the most effective way to bring homeowners and the banks together.” Ryan Boyajian, President, Mortgage Modification Legal Network.
What is a loan modification? A loan modification means your current lender modifies or changes your current mortgage terms of your existing loan to lower your monthly payment(s). This can be done by lowering your current interest rate, a combination of lowering your principal balance and interest rate, or an overall change in your existing loan terms.
About the Mortgage Modification Legal Network
With over 40 years of combined experience in the financial services, debt settlement and mortgage industry, MMLN has rapidly become one of the largest nationwide loan modification and loss mitigation servicing firms.
Founded by industry experts and with the help of our nationwide network of attorneys, MMLN was created to meet the mortgage industry's increasing demand for loan modifications, loss mitigation services and loan work-outs. We have created a variable cost solution that allows all of our clients the ability to contract our services in hopes of saving their homes.
Visit our website at www.wesavehomes.com to find out about the seminar near you or contact us at: (877) 606-MODS. 27651 La Paz Road, Suite A, Laguna Niguel, CA 92677
Learn How to Modify Your Existing Home Loan
Temecula and Corona, CA -- On January 20th at 7:00 PM The Mortgage Modification Legal Network will hold their first of a two city seminar series in Temecula and in Corona, CA. The Temecula seminar is scheduled at Chaparral High School, 27215 Nicolas Rd. Temecula, CA 92591 with Corona taking place at Roosevelt High School 7447 Cleveland Ave, Corona, CA 92879 on February 5th at 7:PM. These seminars are to help inform the local communities in the San Bernardino and Riverside County areas.
New Federal Banking regulations and lending practices have changed in order to address the growing foreclosure rate. For those whose mortgage has adjusted or if equity has disappeared, this one hour seminar will educate you on the government’s new policies as well as how to qualify for a loan modification.
“It was announced on November 2, 2008 that 1 out of every 5 homeowners nationwide are ‘underwater’ on their mortgage. California is 1 of 5 states accounting for 60% of the most significant loan problems. There has to be direct involvement with the homeowners to establish trust going forward and we have found that our community outreach and counseling program has been the most effective way to bring homeowners and the banks together.” Ryan Boyajian, President, Mortgage Modification Legal Network.
What is a loan modification? A loan modification means your current lender modifies or changes your current mortgage terms of your existing loan to lower your monthly payment(s). This can be done by lowering your current interest rate, a combination of lowering your principal balance and interest rate, or an overall change in your existing loan terms.
About the Mortgage Modification Legal Network
With over 40 years of combined experience in the financial services, debt settlement and mortgage industry, MMLN has rapidly become one of the largest nationwide loan modification and loss mitigation servicing firms.
Founded by industry experts and with the help of our nationwide network of attorneys, MMLN was created to meet the mortgage industry's increasing demand for loan modifications, loss mitigation services and loan work-outs. We have created a variable cost solution that allows all of our clients the ability to contract our services in hopes of saving their homes.
Visit our website at www.wesavehomes.com to find out about the seminar near you or contact us at: (877) 606-MODS. 27651 La Paz Road, Suite A, Laguna Niguel, CA 92677
Monday, January 5, 2009
Mortgage Modification Legal Network Offers Resources to Banks
According to Federal Chairman Chief Ben Bernanke, the Banks are essentially overwhelmed with the demand by homeowners to modify their mortgages. As the Federal Government actively pursues immediate relief, banks look for ways to reach homeowners with a message to work together to solve the foreclosure crisis.
The Mortgage Modification Legal Network addresses the demand for bank relief with the largest network of attorneys and affiliates of Debt Settlement Nationwide. In many cases, due to the sheer volume of the demand, the homeowner’s lack of awareness of the bank’s mindset, and the homeowner’s reluctance to speak directly to the banks, a third-party relationship is ideal for getting the job of providing home loan modifications that are done in a timely and efficient manner.
There are pitfalls however; many loan modification “mom and pop shops” are overly aggressive in counseling the homeowner to the detriment of the bank’s fragile eco-system. “There are many companies out there that will take a homeowner’s money, counsel them to miss payments and then not complete the modification until the homeowner is severely delinquent,” says Paul J. Simino, President/CEO of onesimpleloan.com. “This gives the third-party relationship a black-eye and hurts all of us robbing the opportunity to help the homeowner and the economy.” “We offer the homeowners and the banks a highly transparent and efficient system and we simply never counsel the homeowner to miss payments or go against the most basic code of lending practices. Because we have the largest affiliate network in the Country we are able to turnaround the modifications in record time compared to what homeowners are typically quoted and we are able to show the homeowner and the banks the status of their modification on a daily if not hourly basis,” says Ryan Boyajian, President of the Mortgage Modification Legal Network.
The Mortgage Modification Legal Network is also known for their grassroots efforts in providing in-neighborhood seminars and meetings and community outreach. The Spanish-speaking community considers Mortgage Modification Legal Network as their number one resource. “From the beginning we have taken a very active role with the Spanish-speaking community,” says Gerry Fernandez with MMLN. “We know this market, and provide the level of competency and trust they deserve. We also provide our services in other languages including Japanese, Korean, Vietnamese, Farsi and Mandarin.”
The Mortgage Modification Legal Network addresses the demand for bank relief with the largest network of attorneys and affiliates of Debt Settlement Nationwide. In many cases, due to the sheer volume of the demand, the homeowner’s lack of awareness of the bank’s mindset, and the homeowner’s reluctance to speak directly to the banks, a third-party relationship is ideal for getting the job of providing home loan modifications that are done in a timely and efficient manner.
There are pitfalls however; many loan modification “mom and pop shops” are overly aggressive in counseling the homeowner to the detriment of the bank’s fragile eco-system. “There are many companies out there that will take a homeowner’s money, counsel them to miss payments and then not complete the modification until the homeowner is severely delinquent,” says Paul J. Simino, President/CEO of onesimpleloan.com. “This gives the third-party relationship a black-eye and hurts all of us robbing the opportunity to help the homeowner and the economy.” “We offer the homeowners and the banks a highly transparent and efficient system and we simply never counsel the homeowner to miss payments or go against the most basic code of lending practices. Because we have the largest affiliate network in the Country we are able to turnaround the modifications in record time compared to what homeowners are typically quoted and we are able to show the homeowner and the banks the status of their modification on a daily if not hourly basis,” says Ryan Boyajian, President of the Mortgage Modification Legal Network.
The Mortgage Modification Legal Network is also known for their grassroots efforts in providing in-neighborhood seminars and meetings and community outreach. The Spanish-speaking community considers Mortgage Modification Legal Network as their number one resource. “From the beginning we have taken a very active role with the Spanish-speaking community,” says Gerry Fernandez with MMLN. “We know this market, and provide the level of competency and trust they deserve. We also provide our services in other languages including Japanese, Korean, Vietnamese, Farsi and Mandarin.”
Friday, January 2, 2009
Loan Modifications
What is Loan Modification?
In a loan modification, your current lender modifies your current mortgage through what is called the note. The note sets the terms of your loan. This does not require a new closing. This is not refinancing your loan. A loan modification will simply change any or all of the terms of your loan. The terms of your loan include your interest rate, balance of loan, delinquent fees owed, and term of loan.
Who is Mortgage Modification Legal Network?
With over 40 years of combined experience in the financial services, debt settlement and mortgage industry, MMLN has rapidly become one of the largest nationwide loan modification and loss mitigation servicing firms.
Founded by industry experts and with the help of our nationwide network of attorneys, MMLN was created to meet the mortgage industry's increasing demand for loan modifications, loss mitigation services and loan work-outs. We have created a variable cost solution that allows all of our clients the ability to contract our services in hopes of saving their homes.
MMLN not only works directly with the homeowners but we also enable mortgage bankers, brokers, investors, servicers, government agencies and law firms the ability to outsource all of their clients loss mitigation and loan modification needs.
Focused on delivering the industry standard, MMLN emphasizes attentive customer service through the use of its powerful experience, knowledge and technology to accommodate its customers' unique and individual needs and objectives.
In addition, MMLN works with industry leaders in their respective fields (documents, compliance, fraud, etc.) to provide our clients with the best all-around management and support to ensure the highest quality of customer satisfaction.
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