Loan Modification

At RMC, we are experts in Loss Mitigation. We have extensively studied the various guidelines which apply to the U.S. Governments HAMP (Home Affordable Modification Program) for Fannie Mae, Freddie Mac, FHA (Federal Housing Administration) as well as for conventional loans.

  • Lower your monthly payments
  • Fix your adjustable rate
  • Reduce your loan balance
 

Short Sale Solutions

For those clients who are suffering a hardship and no longer want to keep the home, RMC can help you “Short Sell” your property. Also known as a real estate short pay-off or a pre-foreclosure workout, a short sale is an agreement with a lender to accept less than the amount owed by a borrower via a sale of the property to a third party. With this agreement, the lender releases the borrower from the mortgage, thereby preventing foreclosure. With a short sale, your FICO score will not be as negatively impacted as it would be with a foreclosure, and you will be able to get into a new home much sooner as well.

 

Loss Mitigation

RMC are the experts in Loss Mitigation. Also know as “Foreclosure Prevention”, we offer homeowners assistance in loan modification, forbearance plans, repayment plans, Deed-in-Lieu of Foreclosure, and short sales. Foreclosure is NEVER the answer. There are other options available to you depending upon your situation.

 

Bankruptcy

In certain cases, when other loss mitigation options have been exhausted, the next course of action is bankruptcy. However, you need the expertise of an attorney to determine if this is what is best for you. One of Gail Mathes’ specialties is bankruptcy. She can assist you in determining if bankruptcy is an option for you, and, if so, whether you should seek a chapter 13 or a chapter 7.

 

Are you under financial stress? Does one or more of the following describe your situation?

Behind on your monthly mortgage note?

You or your spouse currently unemployed?

Experienced a period of unemployment or under-employment which caused you to get behind?

Are a small business owner whose income was reduced by the recession?

Have experienced a divorce, or death in the family?

Are now caring for  a family member?

Have run up credit card debt trying to keep up with your monthly bills?

If so, RMC can help!!

Real Estate Mediation Consultants & the Law Office of Leonard Van Eaton in Memphis, Tennessee works with distressed homeowners in the mid-south as well as nationwide to avoid foreclosure through loss mitigation options such as loan modification, short sale, forbearance, deed-in-lieu, and bankruptcy (chapters 7, 13, & 11). We also offer default resolution services for those who are have suffered a foreclosure or have defaulted on personal loans, credit cards, Home Equity Line of Credit, or similar situations.

Did you know that there are laws & guidelines designed to protect homeowners from foreclosure? There are laws & guidelines that give you the same rights as the lenders and their attorneys. The Emergency Economic Recovery Act of 2008 included directives designed to ensure that every homeowner has the opportunity to avoid foreclosure. With our representation, you may be able to qualify for the current administration's Home Affordable Modification Program (HAMP) loan modification program, or your lender's “traditional” loan modification program. There are also options available through the Home Affordability Foreclosure Alternatives (HAFA).

We utilize these laws & guidelines every day to protect our clients from foreclosure and give them the opportunity keep their home, or allow them to exit the property with dignity. Since 2009, RMC has managed over 450 cases with an exceptional success rate. Whether you are seeking to sell your property or want to keep it, RMC can help you prevent foreclosure and achieve your goal.

Our firm also offers Forensic Mortgage Auditing to evaluate your mortgage to determine if you are a victim of mortgage fraud. Our mortgage audit service fully investigates your mortgage history for evidence of robo-signing, fraudulent loan cancelations & transfers, and can even determine whether your lender has the jurisdiction to foreclose on your loan.

Is bankruptcy the answer? In some cases, yes. But not always. At RMC, we can and will review your situation and provide you with an analysis which outlines the best approach to manage through your financial difficulties whether it is bankruptcy, or other loss mitigation options.

If you are facing a difficult financial situation and would like to meet with us to determine what options are available for your situation, call us at our Cordova, Tennessee office at 901-591-1144 for a free consultation. We will analyze your situation, and advise you of what programs you are eligible for. Should you choose to hire RMC to represent you, we will develop a plan for you based upon the specifics of your case.

Please support the Wounded Warrior Project. Your donations support our wounded soldiers who have come home from the wars in Iraq & Afghanistan in need of our help. Our Managing Partner, Brett Bernard, is taking on the Tough Mudder challenge in February 2012. 100% of your donations will be combined with the entry fees of his team members to help our veterans in need. Click on the logo below to make a donation!

Testimonials

You are the best, Brett. Thank you for stopping the foreclosure on our home. I hope this is the beginning of some sunshine! Thank you SO much!

Stacy A.
Austin, TX