Whether you are behind on your mortgage or already in foreclosure, our goal is to give you a fresh start and.....

.....We have a 97% success rate!

We are specialists in working with your lender, or lenders, to restructure your current loan(s) by providing you with a unique, professional plan that you and your lender can accept.

We also fully understand that you have a serious problem and only a short time to overcome the real possibility of losing your property.

The lender wants to see a provable relationship between the homeowner's income and expenses that will ensure them and the federal regulators that the homeowner will be able to make his payments in the future.

Loan Modification
99% of all "A" type lenders and 95% of sub-prime lenders (with high interest rates) will negotiate a loan modification where most of the delinquent payments and foreclosure fees are either wiped out or added onto the back end of the loan. The interest rate will be reduced permanently and so will your payment.

With the increase of interest rates on home loans many homeowners with adjustable rate loans 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, with which we will help you.

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

*Note: If you owe more than the value of the property we will negotiate a principal loan reduction. We are Preferred 1, Inc. and we help families all over the country to stay in their homes, one at a time.