Nancy Davidson Owner
215 Michelson Suite 168 Irvine CA 92612
Axelrod & Associates, Inc.
215 Michelson Suite 168 Irvine CA 92612
9492618803
CALL NOW for a FREE, no obligation
eligibility confirmation
949-261-8803
Axelrod Blog – Loan Modification Lawyers in CaliforniaConnect with us on G+ – Loan Modification Lawyers in CaliforniaConnect with us on Facebook - Loan Modification Lawyers in CaliforniaFollow us on Twitter - Loan Modification Lawyer California
Loan Modification Process
Are you behind or at risk of going late on your mortgage payments? Getting help may be easier than you think!
•   Wells Fargo•   Chase•   Citi Mortgage
•   First Horizon Bank•   HSBC•   Midland Bank
•   Ocwen•   Bank of America•   OneWest Bank
Q. What is the best way to get back on track?
A. Know your options!


The first step is to find out if you are eligible for a loan modification. It only takes 5-10 minutes to gather the required information. We then submit your application to our legal department. They review your information within 24 hours and call you back with the results of your eligibility.

At Axelrod & Associates, Inc., we provide you with an absolutely FREE, no-obligation eligibility assessment. We will tell you up front, whether or not you are eligible for a loan modification under current laws and your lender's guidelines.

Fill out an application
& sign the documents
WE HANDLE THE REST!
Whether you are struggling to make, or have fallen behind, on your mortgage payments, we know this is a stressful time. Our first priority is to keep you in your home while making the process as easy as possible for you. Let our customers tell you about their experience:

“Axelrod & Associates is very responsive. They handled the entire process so we didn't have to be involved at all. They answered all our questions and made the process very easy.” - Melissa and Josh Arionus

“Definitely call them! The initial phone call was well worth the time, and the process that has followed has been very easy for me, and easily understandable. I always feel that I am the most important client they have, and I never feel spoken down to.” – Anonymous


The Steps of the Loan Modification Process:
  1. It only takes 5-10 minutes to gather the requisite information about your situation, income and expenses.

  2. Our legal team will review your responses in order to determine your eligibility at absolutely no cost to you. You will be notified within 24 hours of your eligibility.

  3. If you are eligible, we send a representative to your location to complete the required paperwork.

  4. Your forms and supporting income and expense documentation are then analyzed for accuracy and to ensure your documents meet all requirements and guidelines.

  5. It generally takes up to 2 weeks to prepare your modification package and submit it to your lender.

  6. From this point, we relentlessly hound your lender to make sure your paperwork is processed as soon as possible. This process will depend on your bank but generally takes 90-120 days.

  7. Once your lender processes your paperwork, we will negotiate the terms of your loan modification. This can take up to 30 days.

  8. After the modification is negotiated, it is sent to an underwriter and then your final package is provided to you. This process can take as long as 30 days.

  9. Once the loan modification is approved, we ensure that you understand the new terms of your loan, and assist you with any questions you may have.

  10. Throughout the process we keep in touch with you, according to a pre-planned schedule, in order to keep you apprised of the status of your loan modification.
Our success rate in getting our clients a loan modification is 94.8% because:

We make sure that all of your information is complete and in the correct format based on your particular lender’s requirements. We have significant experience working with banks and we have developed relationships with all of the top lenders. We particularly specialize in loan modifications for Chase, US Bank, Bank of America, IndyMac, Wells Fargo, Citibank, First Horizon, OCWEN, GMAC Mortgage, Citizens Bank, HSBC, Midland, HFC and more. We relentlessly hound the banks until we get you your modification processed. As a law firm, we know the law and we know what the banks are willing to do, which allows us to negotiate better terms on your behalf.

Make sure you select a firm with a strong track record verified by a third party, can provide legitimate testimonials and who will fight to make sure you get the lowest rate possible.
The loan modification process starts with us collecting information about your loan, income and expenses. Our legal team reviews your responses in order to determine your eligibility at absolutely no cost to you. You are notified within 2-24 hours of your eligibility based on your lender's guidelines. If you are eligible to proceed, our representative meets with you to complete the forms your bank requires. We analyze your documents and supporting documentation and ensure your documents meet your lender's requirements. We prepare and submit the loan modification package to your lender. We contact your lender to ensure all paperwork was received and is in order. We continue to contact your lender until they are ready to process your paperwork, at which time we negotiate the terms of your loan modification. Throughout the process we continue to be in touch with you to keep you appraised of the status of your loan modification. Once your loan mod is approved, we ensure that you understand the new terms of your loan, and assist you with any questions that may arise.
It is definitely smart to be cautious and carefully select a reputable law firm for your modification. Your home is too important to take any chances. There are some modification companies that provide free assistance. If you do decide to go with a firm that does not charge for their work, make sure you understand what they are and what they are not going to do for you. They will usually send you a checklist of the papers you need to send the bank and they may answer any questions you may have. Most of them will not review your paperwork to make sure it is in order. They will also not make sure the bank receives or processes the paperwork in a timely manner. They will also not negotiate with the bank on your behalf. Make sure you find out what they will and will not be doing on your behalf. Additionally, be wary of people who overpromise or offer a guarantee for a loan modification. There have been instances where people have been given a loan modification but their monthly payments actually increased.