Real
Estate Soltutions
Loan Modification Financial Forms
Contact us
FAQ
A loan modification is when the lender modifies your current mortgage in order
to work with you because of a hardship.
The purpose is to help make your loan
more affordable. Usually it is in the form of a rate reduction and fixing the
rate for a certain amount of time.
In the past this was only used when a
borrower was delinquent and suffered a hardship such as a job loss, divorce,
illness etc.
Now,
borrowers can obtain mortgage help from their lender for unaffordable rate
adjustments on adjustable rate mortgages.
The earlier you get started,
the better your chances are of negotiating a fixed rate and a payment that you
can manage.
Contact us and we will be happy to assist you.
Loan Modification Financial Forms
Lenders and
servicers are very busy with desperate homeowners trying to save their homes
from foreclosure.Unfortunately, they do not have the man power or the
capabilities to save everyone.
Many people are simply getting lost in the
system and suffering an unnecessary
foreclosure when they could have worked it
out with their lender.
At Maricopa Property Solutions we only take on as many cases as we can
comfortably handle in a proficient manner,turning away potential
clients until our current sases are approved.
Often this can make the difference between saving your
home and losing your home.
When you have a litigation specialist involved, you have an
important alli in your corner to get you the mortgage help you need, FAST!
Lender/Servicer Loss Mitigation Phone Numbers & Contact
Information
ABM AMRO Mortgage (800) 783-8900
Accredited Home Lenders(877)
683-4466
AMC Mortgage Services
(800) 211-6926
1600 McConnor Parkway
Schaumburg, IL
60173
American Home
Mortgage Corp.(877) 304-3100*
Ameriquest Mortgage
(Debt collection -- see
AMC Mortgage Services) (800) 211-6926
Aurora Loan Services (Debt
collection) (800) 550-0508
By Overnight Mail:
601 5th
Avenue
Scottsbluff, NE 69361
Attn: Customer Service
By Regular
Mail:
P.O. Box 1706
Scottsbluff, NE 69363
E-mail:
ccnmail@alservices.com
Avelo Mortgage LLC (866) 992-8356*
Bank of
America(800) 846-2222
BB&T Mortgage (800) 827-3722*
AmTrust
Bank (fka Ohio Savings Bank) (888) 696-4444
Beneficial (800)
333-5848
Central Pacific Bank (800) 342-8422*
Charter One (800)
234-6002
Chase (800) 446-8939
Chase Home Finance (800) 848-9136
(customer service)
(858) 605-2181 (delinquency customer service)
Chase Home
Finance-New Jersey(800) 446-8939*
Chevy Chase Bank(800) 933-9100*
Chase
Manhattan Mortgage
(800) 446-8939 (Ohio Servicing Center)
(800) 526-0072
(Florida Servicing Center)
(800) 527-3040 x533 (Florida Servicing
Center)
Chevy Chase Bank (800) 933-9100
Citi
Financial Mortgage (800) 753-3673
Citimortgage (800)
283-7918
Countrywide (800)
262-4218
Ditech
(800) 852-0656 (800) 449-8582
Downey Financial Corp.(800) 824-6902, ext.
6696
Deutsche Bank National Call Number on Mortgage Statement
EMC
800-723-3004
P.O. Box 141358
Irving, TX 75014-1358
EverBank (800)
669-7724 ext. 4730
Equity One (Debt collection) (866)
361-3460
First Horizon Home Loans (800) 489-2966*
Fifth Third Bank
(800) 375-1745 Option 3
First Merit Bank (888) 728-9931
Flagstar
Bank (800) 968-7700, ext. 9780
Fremont Investment & Loan (866)
484-0291
GMAC Mortgage (800) 850-4622
GreenPoint Mortgage Funding
(800) 784-5566, ext. 5383*
Green Tree (877) 816-9125
Homecomings
Financial (800) 850-4622*
HomeEq Mortgage Servicing ( Debt collection)
(866) 822-1471
Household Finance (A HSBC Co.) (800)
333-5848
Household Mortgage (800) 333-4489
HSBC Mortgage (800)
338-6441
Default Resolution Team (if long term problem)
2929 Walden
Avenue
Depew, NY 14043
(888) 648-3124 Loss Mit
(732) 352-7519
Fax
Huntington
National Bank (800) 323-4695
Indymac Bank (877) 736-5556
C/O Loan
Resolution Department
P.O Box 7014
Pasadena, CA 91107
(Monday - Friday
6:15am-7:15pm. (Pacific Time))
Irwin Mortgage
(888) 218-1988
P.O Box 7014
Pasadena, CA 91107
E-mail:
James B. Nutter
& Company (800) 315-7334
Key Bank (800) 422-2442
LaSalle
National Bank (800) 783-8900
Litton Loan Servicing (800) 999-8501 or
(800) 548-8665
Fax (713) 966-8820
4828 Loop Central Drive
Houston,
Texas 77081-2226
Midland Mortgage
(800) 552-3000 or (800) 654-4566
Mortgage
Lenders Network (800) 691-0129
E-mail
Mortgage Electronic
Registration Systems (888) 679-6377
National City (800) 367-9305, Ext.
53221 or (800) 523-8654
Attention: Homeowner's Assistance
3232 Newmark
Dr.
Miamisburg, Ohio 45342
Nationwide
Advantage Mortgage Company (800) 356-3442, ext. 6002*
NationStar Mortgage
(888) 850-9398* Press 0 for operator
New Century Financial Now Carrington
Mortgage Services (800) 790-9502 or
(877) 206-9904
NovaStar
Mortgage Loan Resolution Department (888) 743-0774
Non-English: (888) 743-0774,
ext. 4523
Ocwen Federal Bank (800) 746-2936 or (877) 596-8560
Attention: Financial
Information
12650 Ingenuity Drive
Orlando, Florida 32826
or
Ocwen
Financial Corporation
1661 Worthington Rd., Suite 100
West Palm Beach,
Florida 33409
Phone: 877-226-2936
For serving Ocwen with legal
process, please send to their registered agent:
Corporation Service
Company
2711 Centerville Road, Suite 400
Wilmington, DE 19808
Phone:
561-682-8000, x8386
Option One (866) 711-1962 or (888) 275-2648
PHH Mortgage
(Formerly Cendant) (800) 257-0460
For borrowers facing possible delinquency:
(800) 330-0423*
For borrowers in the foreclosure process: (800)
750-2518
ResMae Mortgage Corp.(877) 473-7623, ext.
5944
Saxon (800) 665-7367
Select Portfolio Servicing (888)
818-6032
Fax: (801) 293-3936
Loan Resolution Department
P.O. Box
65250
Salt Lake City, UT 84165-0250
SkyBank
(800) 290-3359
Sun Trust Mortgage (800) 634-7928
PO Box
26149
Richmond, VA 23260-6149
Mail Code RVW 3003
Third Federal
Savings (888) 844-7333
US Bank (800) 365-7900
Wachovia Bank of
Delaware (866) 642-8608
Washington Mutual (866) 926-8937 or (888)
453-3102 or
(800) 478-0036 or (800) 254-3677
Waterfirld Mortgage (800)
957-7245
Fax: (260) 459-5390
c/o Loss Mitigation Dept.
7500 W.
Jefferson Blvd.
Fort Wayne, IN 46804
E-Mail
Wells
Fargo (877) 216-8448 or (866) 261-5642 or (800)766-0987 or
(800) 678-7986 for
payment assistance
Wendover Financial Services
Corporation (800) 934-1081 or (800) 436-1022
Web:
Wilshire Credit Corporation (888)
502-0100
P.O. Box 8517
Portland, OR 97207-8517
Help Us keep this list up to date email us with new information
that would be helpful
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The
great American Dream has always
revolved around owning a home. Sure, having the 2.3 kids, the cushy
corporate
job and the stylish car to drive to work everyday are part of the myth,
too,
but nothing quite summed up Americana
quite like the white picket fence. But if recent economic numbers are
any clue,
this dream is becoming a nightmare for many in the US.
According
to date released by the United
States Census Bureau, an increasing number of homeowners are spending a
larger
and larger amount of their incomes on housing than in previous years.
People in
49 out of 50 states reported an increase. The only state that
didn’t, Alaska, spent
the same
amount. The report showed that people are spending around 21 percent on
their
housing needs, up from 19 percent in 1999.
This
is a huge problem for first-time
buyers who may now be priced out of housing markets all across the
country.
Economists point to rises in home prices in the last 7 years, as well
as higher
interest rates, coupled with stagnant wages over the same period.
While
everyone seems to be in agreement
that the housing “bubble” is either bursting, or
getting ready to burst
depending on where you live, housing prices are still up a remarkable
32
percent since the beginning of the decade.
Household
incomes, on the other hand,
haven’t done a very good job of keeping up. The same Census
report showed that
income has actually dropped, not risen, over the past 7 years, down 2.8
percent.
Maybe
the worst news in the report was the
percent of people who allot more than 30% of their income for housing.
The
numbers are up almost 8%. National guidelines suggest that more than
30% of
household income for housing is excessive and not financially healthy.
What
does this mean in the long run?
Most
experts agree that until income can
catch up to housing, the real estate market will remain lifeless. And
since
real estate is one of the biggest drivers to the overall economy, a
weak real
estate market means a weak economy.
Things
appear to be the worst in California.
Not only do
they have the most expensive real estate in the nation, 48 percent of California
homeowners
spend more than 30% of their income on housing related costs.
Until
income can begin to grow as quickly
as the real estate market, this trend shows no signs of slowing down
which
could mean that the upcoming real estate slump could last much longer
than
anyone predicted.
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