1. During these trying times when mortgages, real
estate prices and other financial arrangements
are completely unstable, many homeowners are
asking how they can qualify for a loan
modification.  Both the FDIC and the
federal treasury are strongly supporting loan
modifications as a way to keep people in their
homes.  Lenders don't want to take
back anyone's home, homeowners
obviously want to stay in their homes and the
federal government wants what the people and
lenders want.

2. Many people who are trying to keep their homes are asking questions
such as:  who qualifies for a loan modification? 
Homeowners throughout California who are trying to stay in their homes
are interested in the loan modification process and want to learn more
about California loan modifications Below are some basic tips on how to
recognize whether or not you are eligible for a California loan modification
(or loan modification in another state) Borrowers (those with a mortgage)
struggling to stay current on their mortgage payments may be eligible for
a loan modification if their income is not sufficient to continue to make
their mortgate payments and they are at risk of imminent default  
California homeowners may be eligible for a loan modification even if
they are not currently behind on payments   Several factors may
cause this scenario:  loss of income; significant increase in
expenses; or an interest rate that will resent to an unaffordable level
Here are three ways to know if you qualify for a California or federal loan
modification: 1)

3. You occupy your house as your primary residence 2) Your monthly
mortgage payment is greater than 31% of your monthly gross income 3)
Your loan (mortgate) is not large enough to exceed current Fannie Mae
and Freddie Mac limits Loan Modification A Loan Modification is a
permanent change in one or more of the terms of a mortgagor's
loan, allows the loan to be reinstated, and results in a payment the
mortgagor can afford    You may be seeking a California or
federal loan modification if you are having trouble paying your mortgage
  The key is to find a qualified loan modification attorney who
understands loan modification law Loan modification attorneys will tell
you that there are only three possible outcomes when a homeowner
cannot make the payments on their mortgage: 1

4. The property goes back to the lender through a foreclosure or a
"deed-in-lieu" and the property goes back out on the market 2 The
homeowner sells the home in a conventional sale or a "short sale" and
the home goes back onto the market 3 The lender (bank or mortgage
company) modifies the loan so that the homeowner can make the
payments and the home does not go back onto the market The loan
modification option is the best solution, by far, for the lender, homeowner
and country in almost all situations

5.   The loan modification process does not require any appraisals,
credit reports or title reports because a loan modification is simply a
renegotiation of the terms of an existing note   A loan modification
can consist of a reduction in the interest rate, a change from a fully
amortized to interest only payments for a period of time, an extension of
the loan term, a reduction of the principal balance of the loan and/or a
resolution of any arrearages Loan Modifications are the best overall
solution for the following reasons: 1 Families are kept in their homes
through the loan modification process 2 Los modifications ease the
financial pressure that causes stress in families 3 Loan Modifications
have the least cost solution to the lenders, which is why many lenders are
willing to do them 4

7. Loan modifications keep the house off of the market and therefore each
loan modification represents a step closer to the solution to the current
economic crisis 5 Loan modifications are a market solution, meaning
they aren't taking taxpayer dollars 6 Loan Modifications can be
done quickly if you have an experienced loan modification attorney Loan
Modification, Foreclosure Assistance, & Foreclosure Help by The
Feldman Law Center Loan modification is the focus on our website,
however; we do provide our clients with proper legal advice and share
expertise in the areas of real estate transactions, mortgage negotiations,
loan modifications and debt settlement

8. The Feldman Law Center, a Loan Modification Attorney, was founded by
Steven C Feldman who has been licensed by the State Bar of California
for over 25 years We are consumer and homeowner advocates that will
protect you from home foreclosure with our detailed loan modification
program The Law Offices were established to focus on real estate
matters that include debt negotiation, predatory lending violations,
settlements and loan modification We are here to help stop foreclosure,
and fight mortgage fraud