Residential Loan Modification

Everyone Can Experience Financial Difficulties, and Foreclosure Can Happen To Anyone. The Good News is, We may be able to Help!

If you are struggling to afford your home mortgage payment or have already fallen behind, now is the time to find out what options you have to avoid foreclosure and make your mortgage affordable. We will take the time to understand the circumstances that are causing the issue with your home mortgage, and then discuss the different options that are available to help you. We at Anything Commercial have an affiliated company called First Legal Services (FLS) and FLS will work on your behalf with your lender to achieve the most advantageous resolution. In many cases it is possible to use the Loan Modification option to resolve mortgage problem which can result in a lower mortgage payment that is affordable based on your income, reinstatement of the mortgage which resolves past due balances and in many cases having some or all of the late charges and legal fees waived.

These changes may enable you to stay in your home during these unprecedented economic challenges. Not all homeowners that are struggling with their mortgage can qualify for a loan modification and there is no guarantee that you will receive a modification even if you do qualify. The decision to grant a modification is solely at your lenders discretion. This is why FLS will pay so much attention to gaining a detailed understanding of your situation before FLS discuss your options. By carefully presenting your financial situation and hardship, FLS can maximize your chance of success. It is important to understand that sometimes it is not possible to receive a workout that allows the homeowner to retain possession of the home. Even in these unfortunate situations we can consult you on preferable non-retention options that may be available including Cash for Keys, Short sale or Deed-in-lieu. All of these options will have less of a negative effect on your credit than a Foreclosure sale.

Foreclosure is something that can happen to anybody. There are a record number of people receiving foreclosure notices (Notice of Default) and losing their home to foreclosure. Many situations can affect a person's ability to make timely mortgage payments, including:

  • Temporary Job Loss
  • Rising Interest Rates
  • Medical Problems
  • Recent Divorce
  • Non-paying Tenants

The reality is that any of these issues can cause a person to fall behind on their payments. For many, this is the first time they have had to deal with this, and the late notices and collection calls can be overwhelming.

With FLS initial consultation we can discuss all of your options and explain which seem the most likely to achieve your goal. There is no obligation and you should find the information helpful, no matter what course of action you choose to pursue. Simply call FLS for a free consultation 973-662-4141.

FLS works to break the unproductive cycle that becomes common with some lenders. FLS willanalyze your situation and finances and properly determine if a loan modification is a reasonable option. Just because you have already been denied by your lender does not mean that a successful resolution cannot be achieved. FLS will stay on top of the lender and made sure they have the information they need to give you the best opportunity to get the solution that you need, which may include reducing your mortgage payments and interest rates, forbear or defer any arrears or portions of the principal balance. FLS understands that it is your family's home that you are entrusting FLS to help you with, and FLS will do everything we can to find a solution that achieves your goals...

Call for your free consultation, 973-662-4141

How the Loan Modification Process Works

The first step is a free consultation with First Legal Services (FLS). This is an opportunity for you to share the details of your situation and ask questions. As part of this discussion we will try to gain a detailed understanding of your finances, the hardship you are encountering, and what your goals are. With this information we can offer our assessment about whether we believe a loan modification can be successful. It is important to note that not every homeowner will qualify for a loan modification and that the final decision to approve a modification is the lenders.

If you decide to become a client, we will request and review the necessary information including income documentation, bank statements, other income and expenses as well as the status of your loan to determine an affordable monthly mortgage payment this is done by doing a LDA REPORT, the report will let us know 85% of what are the chances that you probably get a loan modification. If the LDA REPORT shows us that the NPV (net present value, that’s what most lenders qualify the homeowner with) that the NPV TEST failed after we have processed your info. Into our system, we refund your money and advise you of other solutions for you to take. If the NPV TEST PASSES (NOTE: THERE IS NO REFUND IF NPV REPORT PASSES THE NPV TEST REFER TO THE LDA REPORT AGREEMENT) then at NO CHARGE TO YOU (NOTE WE DON’T CHARGE ANY UPFRONT FEES FOR LOAN MODIFICATION OR PROCESSING A LOAN MODIFICATION WE CHARGE FOR THE LDA REPORT AND WE OFFER A REFUND IF IT FAILS THE NPV TEST)

we prepare the application (rma) to assure that it presents the most advantageous story to your lender. Once a submission is made to the lender, we follow up aggressively on a regular basis to assure that your application does not get held up. The bank employees tend to be less experienced and it is important to make sure that they do not misinterpret the information submitted or erroneously deny the application. Our experience with what the lender is looking for allows us to avoid many of the pitfalls that can draw out the process and end up in the application being denied.

If the application is accepted, the lender will make a modification offer. We go through offers made to assure that the lender has made the offer based on the correct information and guidelines. If any discrepancies are uncovered, we challenge them with the goal of assuring the offer is the best one available. Most modification offers start with a trial period that requires the homeowner to make timely payments for a period of time (usually 3 months). Our expectation is that once the homeowner makes the timely payment required, the bank will permanently modify the terms of the loan. The main goal for your modified loan is that once completed you will be caught up on payments, in no danger of foreclosure, and have a mortgage payment that fits into your budget every month. Grab control of your future and the peace of mind that comes with it. Call FLS today to get started! 973-662-4141


First Legal Service and Anything Commercial are not endorsed by, or affiliated with any government agency or specific lender. No matter what your circumstances, there is no guarantee that you will be approved for any solution or program. The decision to offer a workout solution is solely at the lenders discretion.

Free Consultation. No Obligation.

What is the LDA NPV Report?

Consider this: Every single person that has applied for a loan modification has done it the exact same way. They've sent in information about themselves. Their hardship letter, their paycheck stubs, their tax returns, their application... all things that paint a picture that they hope the bank will view as being qualified for a loan modification.

The LDA NPV Report allows Homeowners to know with a 80% certainty whether they qualify for a HAMP loan modification, and what the estimated terms of that modification would be, BEFORE they apply, so no one has to go through the costly, stressful and/or time consuming process for nothing. The LDA Report runs the most up to date NPV analytics as required by the United States Department of Treasury, and is built on the same platform your lender uses to determine your eligibility.

The LDA platform's Loan Disposition Analysis Report...... This is not something that is run on some end users’ computer. This is a 7 figure software that the treasury has put together. Currently 25 servicers are using the Loan Disposition NPV Analysis now. The reason servicers choose not to run the reports is because it may in fact mean they need to modify a loan… This means less money for the servicer.

The LDA NPV Report.... A Better Way to Pursue a Loan Modification!

Know what your lenders should already know about your loan with the LDA NPV Report!!!

  • Have you been interested in applying for a Loan Modification or Short Sale, but not really sure if it's the right option foryou?
  • Tired of waiting 8-12 months for an answer from your Servicer?
  • Have you been trying to obtain a Loan Modification and are still "under review" with your Lender?
  • Have you been turned down for a Modification, which you believe you should have qualified for?
  • Have you been of fereda Trial Modification and then been turned down because you failed the "NPV" Test and don't know why?

    The LDA NPV Report is a tool that will allow you to know what you qualify for in the way of a foreclosure alternative. Remember, there are more modifications than just HAMP… the LDA NPV Report will give you those answers plus you will know why,"You DO or Do Not! " The report includes a "NPV" Pass / Fail, as well. We are seeing mod results within 60-90 days generally if the report passes the npv test. Most importantly the LDA NPV Report allows you to clear up the feeling of uncertainty between 3-5 Business Days as opposed to months of agonizing waiting for an answer you may never get.

    LDA Report Package


    -AVM: (Automated Value Model Report)


    EMPOWER & EDUCATE yourself by knowing!