WE at Walker Mortgage are going to begin helping people with "loan modifications". There are a lot of shady characters doing it now for pretty steep fees. We think that we can do it as well as anyone and for a more reasonable fee. We will have a two part fee structure, a component that is non-refundable and a component that is refundable if we are not successful. That will be fair to both the client and to us. There is work and expense involved even if the lender rejects our plea. So there has to be some compensation for the work of getting it ready.

The world is full of people who will take your money and give little or nothing in return. WE have a long reputation of doing what we promised and of having fair pricing. That is what we will continue to do with the modification program. Fair and honest effort to benefit the customer. Local hands on face to face interaction with the customer with a good attorney in the loop to help if needed. While most of the modifications do not require legal help, some do and we are prepared with a solid experienced attorney to help when needed.

Who qualifies for a loan modification. First the loan must be owned by either FNMA or FHLMC or as you have come to know them, Fannie Mae and Freddie Mac. Second, you must have had a serious and probably long term financial setback. Such things as lost job, divorce and lost income, illness with loss of income, under-employment with accompanying loss if income may be qualifying examples of serious financial setback. However, you must have some demonstrated ability to repay on some schedule. The unemployed or those with minimal income may not qualify. The modification is supposed to reduce the loan terms to something affordable based on verified income. You need not be delinquent but delinquent loans may be modified. In the event that there is serious delinquency including Notice of Default, there is still hope for a modification. Finally, the lender must agree with us about the danger inherent in your financial reversal and the possibility of success with the modified terms.

Our experience, our integrity, and our ability to help will be put to work for you in seeking relief of your stress through loan modification. We can help, tell all of your friends or associates and family about us.

Watch for the actual announcement, but before the end of April we will be operating.