FORECLOSURE PREVENTION INSTITUTE, LLC
USA Debt Settlement Solutions
Contact Us!
Phone:
616 604-6642
Fax:
269 962-2053
Email:
brigle@appraisaloffice.biz
Address:
271 Viking Dr
Battle Creek, MI
49017
Options/Services
Welcome...What's Your Biggest Question?
Ask ole' Dave, he knows!
FAQ:
How Do I Begin?
Just locate a recent credit card, loan statements or collection notices and give our office a call. We are usually able to tell you in a very short while whether or not we believe we can help you. Although we would like to be able to help everyone, there are certain cases where we are not going to be able to help and potential clients need to explore other options, which we can also help with. Usually you need to be $7,500 or more in debt.
How do I qualify for a debt settlement?
Someone who has had a hardship; might be past due on bills that involve unsecured debt; in high adjustable rates; facing collections, judgements, or garnishments;or considering bankruptcy. These are some examples of good candidates for debt settlement.
What if I have tried to negotiate myself or have sought debt counselling. That's good and ok, in most cases our attorney and negotiators are able to negotiate reasonable and affordable workout plans with your creditors.
Are lenders and banks really willing to negotiate?
Absolutely, many times and in most cases, yes. We make a case to explain to your lender why it is in their best interest to help you. Otherwise, they stand to lose a lot of money. It costs the banks a lot of money just to take legal action.
Can I negotiate a credit settlement myself?
Yes, it would be great if borrowers and lenders had the ability to negotiate debt settlements, but the problem is two-fold: many lenders simply lack well trained collection officers who know how to negotiate and set up a debt settlement in the first place; secondly, some lenders are more interested in recouping any potential losses up front via a suit than they are in keeping a customer for a long period of time with the help of renegotiated terms. Furthermore, the borrower does not know have the negotiation and communication skills needed; or the time involved (their usually working) to find a debt solution. In both cases it is the involvement of legal specialists that provide borrowers with the results they desire.
How Do I Qualify?
Just click on the button at the top of our website or fill-out the application in the middle of the home page and one of our consultants will contact you within 24 hrs. We will spend some time going over your debts, monthly expenses and income, and see if you would be a likely candidate for the services.
What If I Have Bad Credit?
The great news is credit is not a factor. It's not a refinance or applying for a loan, it's a renegotiation.
What Is Debt Settlement?
The great news is credit is not a factor. It's not a refinance or applying for a loan, it's a renegoti
What Is A Loan Modification?
A Loan Modification is a negotiation between a lender and a borrower where the loan terms are restructured without refinancing. The rate and terms of your loan are restructured to fit your current financial situation. The modification agreement is submitted by the bank for your approval. It is usually only a few pages long and just requires your signature for approval. This agreement will alter the term of your note.
What happens during a Loan Modification?
During a loan modification the terms of your mortgage are renegotiated to bring the interest rate down to a percentage that fits into your budget and the monthly payment no longer presents a severe strain on your ability to meet your other financial obligations.
Is Loan Modification similar to Debt Consolidation or Refinancing?
The answer is a resounding no. Debt consolidation seeks to lump a group of unsecured debts into either a loan or a program that offers lower payments. It does not apply to mortgages. Refinancing a home requires the borrower to apply for a new mortgage for the home and as such will require a down payment, an appraisal, and a lot of fees for the lender. This is often not an affordable solution for a borrower who is already stretched to the max with the current mortgage payment and the existence of an adjustable rate mortgage that eats up a lot of the available funds on a monthly basis may actually be held against the applicant and thus causes the refinance application to be denied. Loan modification seeks to restructure an existing loan.
What is needed from me to get the process started?
Documents relating to your financial situation, income, and mortgage details help legal professionals to draft the papers your lender requires for a need based loan modification approval. Upon receipt, the terms of the mortgage are renegotiated to reflect a lower monthly payment. Best of all, the paperwork is handled in its entirety by the professionals in charge of negotiating the deal and most things are done via mail, email and fax. You are not required to attend a closing or any such meeting. The documents come directly to you.
How long is the Loan Modification process?
You will see relief in as little as two weeks or a couple of months. In the meantime, lenders are willing halt foreclosure proceedings and even the sale of a home! The added benefit of this process rests in the fact that you may even be able to skip a mortgage payment while you get back on your feet with your budget.
What are typical success rates?
Our success rate is stellar and our commitment to our clients is unwavering. With several professional and ethical companies forming our decades of combined legal and mortgage experience, your loan modification is in the best of hands. Within 60 to 90 days you may be back on the road to fiscal health while having your good credit intact and keeping your home.