Mortgage Prosperity Services FAQ’s

No Obligation  ~   100% Guaranteed

All at NO RISK to you.

How is this no risk to me?
We give you a 100% money back guarantee. If we do not give you what we promise, you do not pay us anything. It is that simple. We are the only company in the industry to offer such a thing. We won't charge you a processing fee or an application fee. If we can't do it, you will get every penny back.

We have a 100% success rate!

What about a Forensic Loan Audit?
There is a lot of attention currently being paid to Forensic Audits. A Forensic Audit is the examination of your loan documents to determine if fraud has been perpetrated by the mortgage broker or the lender. If fraud has been discovered, the homeowner now has to hire an attorney and sue the lender in court. What this amounts to is a fee of $1000 to $2000 for the Forensic Audit plus the fees associated with hiring an attorney and court costs. HERE IS THE PROBLEM... The homeowner had final decision in the process because every page of the loan documents needed to be signed and initialed. So what does this mean? You are wasting your time and money with a Forensic Audit. They are unnecessary to obtain a loan modification. If you ultimately feel a Forensic Audit would benefit you our mitigating team of attorneys can perform this service for you at an additional fee. But we find that over 90% of our customers would not benefit from this service.

Why is a loan modification right for me?

• You still own your home, you don't have to move, and you can choose to sell it when your home's value is high again.

• This is not a refinance. We work within your existing mortgage. This means NO additional fees.

• You have a 100% money back guarantee. This means NO RISK to you.

• You get a lowered, fixed payment with a fixed interest rate.

• Your arrears are rolled back into the loan and in some cases, the arrears are written off.

• The phone calls are stopped.

• The foreclosure is stopped.

• You can begin to rebuild your credit.

I am not in foreclosure, can you still lower my payment?
YES. In many cases, this is easier because you have maintained your good credit with your lender. If your adjustable rate mortgage is getting too high, we can help lower and fix your payment and interest rate.

I had another company try a modification for me, but it was not approved?
There are so many modification companies today that are learning the process on your time. We are experienced in dealing with lenders and getting your modification accepted on YOUR terms. We hear from clients all the time that they were denied by their lender for a modification only to turn around and have a modification accepted through our efforts. We know the in's and out's of this industry. There is NO guess work on our part. Our system is proven. We have a 100% success rate!

I am planning on selling my house.
Let me tell you why this is the biggest mistake you could ever make. 1) Your home's value is at an all-time low. If you maintain your home for 2 more years, the bottom will flatten out in the real estate industry and your home's value will begin to rise. You want to sell your home when value is high... Not when it is near the bottom! 2) Time is not on your side. Housing inventory is at an all-time high and demand is at an all time low. What this means is your home will most likely NOT sell before the foreclosure closes. 3) You will probably owe more than what you will receive from the sale of your home. 4) High commissions to Realtors. On average, you will have to pay 7% in fees for the sale of your home. On a $400,000 house, that is $28,000. 5) If you do find someone to buy your home, he/she will probably not qualify for a new loan. The lending industry has really tightened their lending practices so obtaining a new loan is next to impossible.

Is this refinancing?
No. We are chiefly concerned about modifying your existing mortgage. Here is why: If you have very little or no equity in your home or if you have missed a payment in the past 12 months or if you have bad credit, refinancing would not be an option for you. But with a loan modification, we can lower your payment and your interest rate even with negative equity, missed payments and bad credit.

I am working with my lender already to fix my problem.
This is the BIGGEST mistake made by many homeowners. Your lender is working for their best interest - NOT YOURS! They are trying to give you as little as possible, while getting the most in return. We have a proven 18 step plan of action that cuts through the red tape and secures you, our client, the best possible solution. We work for you, not your lender.

Is it true that I may be able to skip a payment during the modification process?
Yes, most of our customers find it to be a huge relief that we are usually able to capitalize at least one month’s payment in the process of the modification.

Is this a repayment plan?
No. A repayment plan takes your delinquent payments and breaks them into equal payments to be added onto your current mortgage payment. If you couldn't afford your payment before, how will you be able to afford it now with an additional payment on top of it?

Is this a deed in lieu of foreclosure?
No. A deed in lieu of foreclosure essentially is an agreement between you and your lender where you give back your home to the bank and walk away. You do not get to live in your house any longer. You do not want this option. There is a better way.

Why use us?
Unlike other foreclosure solution firms, we are not trying to buy your home when you are vulnerable and in need of help. We will analyze your situation and offer proven foreclosure help to save your home. We will negotiate with your Mortgage Company to stop foreclosure, save your home and resolve your case. We call ourselves "Specialists" because we SPECIALIZE in helping people get out of foreclosure.