What We Do

Documents that are needed:

• Current Income and Expense Report (I/E)
• Current Rent Roll with Lease expiration dates for all tenants.
• Current Mortgage Statement.
• Current PFS (personal financial statement).
• Historical for all, at least 2 years preferably 3 if they have it.
• Any past or recent appraisal. Recent won’t matter to the lender unless it’s within 30 – 60 days. Any appraisal (regardless of date) helps understand the property better.
• Any Dunning Notices if the loan is in arrears.

After we collect these documents and obtain all necessary information from the client our processing department takes over. Our processors have years of experience in the real estate industry and are very skilled. They have been trained to put together each case to meet each individual lenders request.

At that point our professional negotiator makes the contact with the lender who is servicing the current loan at this time. It is their jobs to have the lender see what the benefit is to offer the modification to the client. The process involves making sure the case is strong from the very first tabletop negotiation takes place. Average process time-line can run 30-60 days at this time.

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