Loan Modification - 95% of all major lenders and service providers will negotiate a loan modification with Home Rescue Programs where most of the delinquent payments and foreclosure fees are either wiped out or added onto the back end of the loan. In most cases the interest rate and payment will be reduced permanently.

Interest Rate / Payment Rate Reduction

With the overwhelming increase of interest rates resetting on home loans and the devastating effect of this economy, many homeowners are faced with mortgage payments they can no longer afford.

Our job is to convince the current lender that it is better to lower the homeowner's payment by lowering the interest rate or payment rate by creating a payment plan the borrower can afford, than to take the home with a foreclosure sale and lose money on the re-sale. Keep in mind lenders lose money on bank owned properties as it will sell for less than market value, and they must pay a commission to a Realtor; and closing cost plus the cost of holding the property while they wait for a sale in a market that is depreciating.

We need to prove to the lender what the maximum payment is that borrower can afford by constructing a financial plan for the homeowner that the lender will approve.

Also as the homeowner is often late with their payments and in foreclosure or soon to be in foreclosure, we need to ask the lender to forgive the delinquent payments or put them on the back of the loan.

A rate reduction in most cases is the only possibility for a homeowner to retain their home --our fee is a risk that each homeowner must weigh.

Principal Reduction

When a property is upside down and the homeowner is facing foreclosure, the homeowner has more leverage than they may realize against their lender. It is our job to force that leverage upon that lender. In doing so, we are successful in wiping out large portions of principle. Typically 50-80% on seconds.

In today's market, we can also convince the lender of first lien holders to lower the principle amount to the present market value. (ex: a homeowner owes $600,000 on first but the appraised value is $500,000. We can convince the lender to lower the loan amount to $500,000.) That is a $100,000 reduction in principle for the client.

Deed in Lieu of Foreclosure

Under many conditions lenders will accept the property back from the borrower as full payment in order to save the time and expense of going through the foreclosure process.

Our job is to convince the lender it's in their best interest to accept the property as payment in full.

This is not a simple plan as we must provide the lender with a complex detailed analysis of current value of the property --and future value. Then we must prove that the borrower cannot afford to make payment or sell the home any time soon or at all.

Note: A deed in lieu will prevent the lender from filing a 1099 on their loss which is regular income to the borrower and will protect the homeowner from being sued by the lender.

Credit Report Repair

Homeowners Rescue Plan is confident that you will find the solution to your bad credit report with Lexington Law. No-compromise credit report repair is what they offer. The results are nothing short of amazing.

Lexington Law is a law firm specializing in repairing credit reports. They have helped over 200,000 Americans repair their credit reports by removing inaccurate, misleading, or unverifiable information. From bankruptcies to charge-offs to tax liens, they have challenged virtually every credit problem under the sun - and deleted over 500,000 items last year alone.

Lexington Law are good at what they do because they believe in their work, because they enjoy what they do and they're committed to their clients. And that means they can get you results you can count on, results that can literally turn your life around.

Their service is engineered from the ground up with credit report repair in mind. As a client you will find that they leverage their entire arsenal of credit experience and powerful strategies on your behalf.

As all financial services professionals know, without the right credit scores, you can't help your clients get the best loans, insurance policies, or their dream home. Lexington Law is happy to work with financial professionals to help repair their clients' credit reports.

The most important reason for the program is to help your clients improve their credit scores so they can get the loan they want.

You or your clients will work with a real law firm and will have their own paralegal that will walk your clients through the process of repairing their credit.