About Us
Mortgage Loan Modification is one way we help families with their difficulties.
Welcome! Here at ELYAC Realty we operate with integrity. There are no up-front fees or hidden costs, and the fee isn't due until your mortgage loan modification is approved by your lender. That means if we can't get you approved, you don't pay!
We've helped hundreds of homeowners stop foreclosure, and we may be able to help you too! Fill out our short No Up Front Fee Mortgage Loan Modification Contact Information form now to connect with our foreclosure prevention counselors who can help you out of your mortgage nightmare. We provide homeowners facing financial hardship a step-by-step process to get their finances back on track so they can stay in their home. Let our professional loan negotiators get your loan modified by reducing your interest rates and/or the principal, as well as renegotiating the loan terms. Unlike with other Loan Modification companies, it doesn't cost you ANYTHING to start the process, and you pay ONLY if we succeed in getting your loan modified.
Mortgage Loan Modification could take anywhere from a few days to a few months.
Keep in mind that most banks have changed their guidelines, and you no longer have to be in default, or behind in your payments, to initiate a mortgage loan modification! So if your loan adjusted recently, or if you know your loan terms will be adjusting soon - go ahead and apply for a loan modification by filling out the form below. You have nothing to lose, since this is a no up front fees loan modification prorgram, and if we can't get your loan modified - you don't pay anything. Ever!
INVESTORS with multiple properties are welcome, since there are new policies allowing rental income to be included in your personal income.
What is a "Loan Mod" or "Mortgage Loan Modification"?
Mortgage Loan Modification allows homeowners and lenders to change the terms of a loan in order to help the borrower stay in the home and avoid foreclosure. It is important to note that a loan modification is not a new mortgage. A loan modification is the renegotiation of an existing loan.
With a mortgage loan modification, it's possible that a homeowner's:
Fill out our Mortgage Loan Mod Contact Information form below now to discuss a no up front free loan modification option with experienced foreclosure prevention counselors. Do it today! You must act fast to save your home, or just to lower your payments so that you can enjoy your current lifestyle, without every dollar you earn going to your mortgage payment!
Your Other Options
Most lenders will not only consider a loan mod, but also other options to quickly bring a loan current, the property out of foreclosure, and the homeowners out of a hardship. Our list of services includes, but is not limited to:
Once you fill out the form below, we will contact you and help you select an option that best meets your needs, as well as one that we know meets your bank's/lender's guidelines.
Why Us
We were always a no up front fee mortgage loan modification service. While compared to the 90-120 day turn-around times at other Foreclosure Companies, ELYAC can proudly say that our 45-60 business day average turn-around time beats our competitors by half. In addition, ELYAC does not charge until the service has been rendered and the loan mod has been approved by your lender. $3995 is due once an agreement with your lender has been reached and the homeowners sign the new loan terms- that's all you'll ever pay. The $3995 fee is less than what many attorneys and loan mod companies charge you up front, but they give you NO guarantees. They may even collect your money and stop performing, and you have very little recourse. We don’t get paid until we perform, so we have a HUGE incentive to get your loan modified.
Unlike Lawyers and other Foreclosure Consultants who charge up front fees, we are here simply to help, not to take advantage of homeowners who are in an unfavorable situation already. You only pay if we succeed in getting the terms of your loan modified and approved by the bank. There are no up-front fees and if we can not get the job done - you pay nothing!!!
Getting Started
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Fill out one Mortgage Loan Modification Contact Information Form, below, for all your properties
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Click HERE to download the Mortgage Loan Modification Package
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Once you fill out and fax in the Mortgage Loan Modification Package, one of our representatives will call you to explain the process and to go over your numbers. If you don't qualify for the Obama plan or one of the major Mortgage Loan Modification programs, we will tell you so up front.
What To Expect
We have a multiple-stage process that is currently taking up to 60 BUSINESS days to get approved. Denials usually happen much sooner, but we will keep you appraised of you status as soon as we hear anything. We also
The entire process can take up to 90 CALENDAR days to complete, so please be patient during this time. There may be times when you don't hear from us. That just means that we're still waiting on the Lender to respond at that specific stage.
Once you submit a completed Mortgage Loan Modification package and the subsequent necessary documents (bank statements, mortgage statements, pay stubs or profit/loss statement, hardship letter, etc), you will receive a call from an ELYAC representative to confirm receipt of those documents. Please answer all questions completely and do not return the package until all answers are complete. Time is of the essence, and in order to serve you best, we should receive all documentation within 5 (five) days from our initial consultation.
We will keep you updated at each stage using emails and phone calls.
P.S. Want to attempt the loan modification yourself? Click on the link below to give it a try:
