Frequently Asked Questions

Why modify?

• You cannot afford your current monthly payments.
• You are currently using your savings and/or pension to maintain your payments.
• You are utilizing credit cards to pay your bills.
• You are on an ARM (Adjustable Rate Mortgage) that is causing rising payments.
• The housing crisis or your credit score has made it impossible for you to refinance.
• The housing crisis has left you owing more than your home is worth.

Will the bank agree to a loan modification?

It may not feel like it, but the bank wants you to keep your home. We are experts at negotiating a resolution that will work for you and your bank . . . a resolution that you can afford, allowing you and your family to keep your home.

Is it too late to save my home?

Definitely not! Just give us a call right away so we can start helping. Call and speak to one of our experts. Almost any type of loan can be modified, even those in bankruptcy proceedings. If your home has not been sold yet, there is still hope. Start the process to save your home; give us a call today!

How long does a foreclosure take?

A Notice of Default (NOD) is typically issued if you are 90 days past due. Soon after the legal process of foreclosure begins. Each state is different, you can view the law for Iowa here. If no steps are taken your home will be sold at auction. Do not wait – contact us immediately.

Why chose Iowa Loan Modifications?

We work for you, not against you. We are on your side and work as your advocate through the entire process. We understand that this is a difficult situation for you, and we will not rest until the job is done. At Iowa Loan Modifications, we care about you, and helping you is our top priority!