Loan Modification: Janian and Associates - A Professional Law Corporation For All Your Needs

Nov. 11, 2009 - PRLog -- If you have received a loan that was set to an adjustable rate or an Option ARM, you are at the right place, seeking right information. Learn about pre-eminent loan modification and avoid the potential harm from a loan recast.

Obama's Loan Modification Plan is created to help homeowners with the affordability of their mortgage payments by the process of loan modification or refinancing of their current loan.


In reality, most of the funding goes to the banks and they are not forced to comply. The plan is only beneficial to those who are working on their payments and have held loans by Fannie Mae and Freddie Mac.


Here are some of the general guidelines and basic eligibility for this program:


   * You must live in the home as your primary residence

   * Not available on second mortgages

   * You must be able to prove your income

   * Your current house payment must equal 31% or more of your gross monthly income

   * You do not have to be delinquent to apply for this loan modification program


Janian and Associates, a Professional Law Corporation has come up with the free consultation to help homeowners. Their goal is to find solutions and protect their client’s to come out of their problems. They strive to give their clients the professional and personal attention that they deserve.


They are a full service law firm with various practice areas such as: Mortgage Fraud Litigation, Loan Modifications, and foreclosure help consultations (Short Sales and Deed in Lieu of foreclosure help).


Real estate owners should go through all of their options and be walked through the legal consequences of their actions to avoid the loss of their property due to foreclosure. When dealing with last resort situations, they offer the option of bankruptcy to protect any remaining assets. Their offices are in based in California.


Why should you consider a Loan Modification?

• Lower your mortgage payments
• Lower your interest rate
• Save your home from foreclosure
• Grant extensions on payments
• Reduce your loan balance
• Waive negatively accrued interest
• SAVE YOUR HOME

A loan modification application that is submitted by a homeowner is analyzed to determine the profitability to the investor or the likelihood of loss. The "Net Present Value Test" is used to determine what will create more cash flow to the investor-Foreclosure or Modification. The best interest of the homeowner is not taken into consideration. It is based purely on that will be bring in more money to the investor. Their decision is based on the economic interest of the investor. If modification is not in the economic interest of the investor, they will decline your application.

Do you want to refinance your current loan? Then, what are you waiting for? Join your hands with Janian and Associates who strive for excellent results in protecting consumers and their rights. They pride themselves on giving their clients the personal attention they deserve. Just visit the website http://janianandassociates.com and apply for the FREE consultation.

# # #

Janian and Associates - A Professional Law Corporation For All Your Needs
www.JanianandAssociates.com