"I have consulted
enough people
to realize that
there is no way we will be able to process the total number of loan mitigation cases that will be necessary by simply attempting to do them all one case at a time individually...
..That is never going to work.”
Henry Paulson,
US Treasury Secretary
AALMS approved agents
submit your cases here:
*If you are not already an
AALMS authorized agent,
apply below for approval.
Is your homeowner client now eligible for a "short sale?"
There are literally thousands of U.S. homeowners who are now "upside down" on their home loan and would prefer to "get out of it" but don't want to suffer a foreclosure on their credit record. Many are able to benefit by using the short sale process to mitigate losses. Apply now to find out if this is the right program for your situation:
The AALMS Now Mitigates With Over
200 International Lenders.
The following is a list of the newest AALMS approved lenders:
Accredited Home Lenders; AMC Mortgage Services; American Home Mortgage; Ameriquest Mortgage; Aurora Loan Services; Avelo Mortgage; Bank of America; Citimortgage; Countrywide; Credit Suisse Bank; Ditech; Downey Financial, Deutsche Bank, EMC, GMAC, GreenPoint; Homecomings Financial; Household Finance; HSBC; Huntington National Bank; Indymac Bank, Irwin Bank, Wells Fargo Bank, Washington Mutual, US Bank, Wachovia, Carrington, Litton, ING...
Providing Loan Modification Services
for Your Homeowner Clients
A loan modification occurs when a mortgage lender agrees to modify your homeowner's current mortgage as a "loss mitigation" service that lenders may provide under newly enacted federal foreclosure prevention laws that have been created to assist homeowners who are experiencing a financial hardship that has resulted from an increase in your homeowners mortgage payment or the homeowner's income has been depleted.
The purpose of a mortgage loss mitigation is to help make your homeowners' mortgage loan payment more affordable for them, and to help avoid a foreclosure proceeding, which is costly for both the homeowner and the mortgage lender. Usually a loan modification is provided in the form of a reduction in the interest rate and then fixing the interest rate for a designated period of time to enable your homeowner to get back on their feet.
