“I highly recommend using A1A Financial Recovery for all loan modification attempts.  They are honest and knowledgeable.” ~ Rob M

It’s true, we are honest and knowledgeable. Getting one home loan modification approved is hard enough, the process magnifies when multiple loans are submitted for loan modifications. The loan modification package submission is accompanied by an RMA (Request for Modification Application) which includes financials used to substantiate whether or not the loan modification meets lender guidelines. The loan modification analysis we conduct at A1A Financial Recovery helps us determine eligibility with debt to income ratios mandated by the lender. It also helps us with making adjustments  to adhere to the lender’s qualifying guidelines.

If you or someone you know is struggling with an over whelming mortgage, please share this post to obtain our plan for mortgage relief at  http://www.A1AMortgageReliefPlan.com

Following are just some of our satisfied clients who were approved for loan modification:

Investors / Vicklie Lee and Bruce J. Cocoa FL – 8 loans approved for modification

Investor / Rob M. Cocoa Beach FL – 3 loans approved for modification

Investor /Howard W. Boyonton Beach , FL – one loan modified

Investors / R & A Wilson, Cocoa, FL – one loan modified

Homeowners / Archie and Wanda B. Cocoa FL – one loan modified

Homeowner / Robin J. Lake Arrowhead, CA – loan modified, payment reduced $600 per month”My new payment is $966.78 – 2% interest for 40 years. Trial period is November/December/January. Final papers will be prepared after that. I’m so happy. Thank you, Robin”

A big thank you to Rob M. for his Testimonial

To: A1A Financial Recovery

Agi Anderson

I met Agi and the A1A Financial Recovery Team through my realtor – Karen Gunn Bardot of ERA Showcase  (http://associates.era.com/karengunn-bardot), http://www.rentwithkaren.com/default.aspx).

In April 2010 I had my first consultation with Agi Anderson, A1A Financial recovery.  I own three rental properties in the Cocoa Beach/Cape Canaveral area.  Since the real estate market has declined, my cash flow was negative in the amount of $1,100 per month which was unsustainable. Something had to happen or the properties would go into foreclosure since the negative cash flow was being financed by a credit line which was also being terminated by the banks.

After stopping mortgage payments for 3 months (required by Citi Mortgage), Agi helped me file for a financial hardship loan modification.  The bureaucracy at mortgage companies in the modification departments is huge and very time consuming.  Phone calls to Citi took hours and resulted in very frustrating and confusing instructions. It seemed that the modification application was stuck in the red tape and a quagmire of bureaucracy.  Agi tackled the situation and managed to get the attention of the Executive Response Unit at Citi by appealing to the CEO of Citi and using other measures.  Finally by August 2010 there was a response from Citi with a modification proposal. In the meantime the properties were in foreclosure so I had to retain an attorney to make sure that they did not actually get foreclosed while the modification paperwork was being processed.

By September 2010 we had a notional agreement with Citi to modify 3 mortgages with reduced fixed  interest rates, and lower monthly payments with  a 40 year loan period.  This would solve my cash flow problem by reducing the mortgage payments to a level that would be covered by current rental rates.

The paperwork was still a mess at Citi and it took until March 2011 to actually get a signed modification processed.  In June 2011 the new mortgage payments took effect and all the properties are now rented with a break even cash flow.

Anyone attempting a loan modification must be able to prove financial hardship and then be prepared to work on the paperwork for a year or longer.  Help from a professional like Agi is necessary because the modification process is highly complicated and without knowledge of the inner workings of these mortgage companies the chances of success are small.

Thanks to Agi and her team I was able to get the following results with Citi Mortgage:

Property 1:

Was:  $1,168 /month   @  5.875%   Is: 873.76  / month @3.875%  Reduction = $294.24/mo

Property 2:

Was:  $715/month   @  6.0%   Is: 525.13  / month @ 4.0%  Reduction = $189.87/mo

Property 3:

Was:  $1,387 /month   @  5.875%   Is: $1017  / month @3.75% Reduction = $370.00/mo

The total cash flow improvement is $854.11 / month or $10,249.32 per year.

The loan modifications have improved my financial situation so that I will be able to keep all three properties and my stress level is dramatically reduced.

Thank you Agi Anderson and Karen Gunn-Bardot!  Your positive attitude and professionalism has helped me recover financially and improved my real estate situation.

I highly recommend using A1A Financial Recovery for all loan modification attempts.  They are honest and knowledgeable.

Best Regards,

Rob M.

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