Last updated on April 16, 2014 at 6:41 EDT

Do You Feel Like Your Mortgage Is a Rip-off? The ModPilot Guide by ModPilot Inc. Helps Homeowners Reduce Payments

January 16, 2012

CARLSBAD, Calif., Jan. 16, 2012 /PRNewswire/ — Many homeowners are sick and tired of paying on their upside-down mortgages while their neighbors and fat cat bankers get bailed out by the Fed. Some are working two jobs just to make ends meet while their mortgage payments go up and some say it feels like their lender is ripping them off.

Most need some degree of help and are perfectly capable of working directly with their lender to get the help they need, provided they have a clearly defined road map. So, with the help of a real estate attorney and a team of loan negotiators who have successfully helped hundreds of people, the ModPilot system was created.

The tools, forms and contacts in ModPilot are the same used to obtain 2% rates, 100k principal reductions, and many other successful modifications throughout the United States. This is only possible because the homeowners’ OWN LENDER’S SPECIFIC guidelines, criteria, & forms are provided – not some cookie-cutter book or pamphlet that generalizes all lenders’ rules. The guide shows what a lender needs to approve a homeowner.

Loan modifications have helped hundreds of thousands of people drop principal, lower mortgage rates, or reduce payments for the last several years, but many homeowners still haven’t taken advantage of the programs available. Officials from Bank of America, Wells Fargo and other banks have even set up their own lender-specific modification programs to help customers that don’t qualify for government programs. These banks are trying to help as many people as possible but there are millions of incomplete or incorrect files submitted by homeowners each month. Lenders have notified customers that any incomplete or incorrect files will be delayed or denied.

“Banks want to approve modifications because it benefits everyone having a performing loan,” said attorney Paul Jacobson. “But the homeowner needs to know the right person to talk to, best programs available, and what the bank is looking at in a modification request. Sadly, most people get denied for simple errors in the application or process and give up, resulting in paying high payments or even foreclosing.”

For more information visit http://www.ModPilot.com or call 760-543-0200.

Kindra Garringer
ModPilot(TM) Inc.
760-543-0200 x 106

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SOURCE ModPilot Inc.

Source: PR Newswire