Nebraska Home Loan Modification – Modify Your Mortgage in Nebraska

Free Loan Modification Consultation

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Like other states, Nebraska has been facing the issue of foreclosed homes for years. This is due to the loans becoming accessible to everyone, but the downside is that these loans are difficult to maintain. Many people applied for a mortgage and they did not think if it was a good decision for their financial status or not. The trend nowadays is that the number of foreclosed homes increased considerably and it overwhelmed the real estate market that has had a decrease in the number of potential buyers. With this situation, banks were unable to sell the gained properties.

The government enforced a new law last February 18, 2009 that allows the debtor the right to request for a loan modification, if he/she thinks that he/she in incapable to handle it anymore.

Banks and lenders are encouraging their debtors to apply for this process, because it gives advantages for them rather than a foreclosure process. With that, they offer free counselling sessions for people who are considering applying for this process. If you want to apply for a loan modification, research and gather as much information as you can before applying for it. Start the necessary preparation for the modification process three months before you apply for it; gather enough evidences showing that you are undergoing financial difficulties in your daily life. Save all the bills of your regular expenses and present them to your creditor. By doing this, you are relieving him/her of doing the research work. At the same time, by doing this, you make a good impression to your lender.

The negotiation will succeed only if both mortgagee and mortgagor are interested. You can inform the lender regarding the reasons why you are encountering financial problems. For instance, many people defaulted on their loans because they lost their job or some got involved in a divorce process. Bringing excuses won’t help; show your creditor that you are trustworthy and that you didn’t fail to pay your rates because of problems in managing your money. Hiring a lawyer is a big help, because there is no need for you to handle all the paper work. If your budget doesn’t permit you to hire one, you can still do it yourself or at least ask a relative or close friend with proper knowledge about the whole modification process.

If you are exhausted by the monthly efforts to keep up with the high rates, apply for a loan modification program. Here in Nebraska, thousands of people have already done it, acquired their foreclosed homes and have no regrets.

Nebraska Mortgage Companies

Wells Fargo – Williamsburg
3901 Old Cheney Rd
Lincoln, NE

Wells Fargo – Sunset Plaza
1710 Market Ln
Norfolk, NE

US Bank – 3rd & Main Office
(308) 389-4017
424 W Third St
Grand Island, NE

Wells Fargo – Pine Lake Road
2801 Pine Lake Rd Ste M
Lincoln, NE

Wells Fargo – Omaha Main Mb
1919 Douglas St
Omaha, NE

5001 Underwood Ave.
Omaha, NE

Wells Fargo – Lincoln
1248 O St 2Nd Flr
Lincoln, NE

US Bank – Kearney NE – Main Office
(308) 237-3606
204 W 31st St
Kearney, NE

Wells Fargo – Kearney Main
21 W 21St St
Kearney, NE

Wells Fargo – Meridian
6940 O St
Lincoln, NE

Nebraska Legal Services

Legal Aid of Nebraska

Assistance: Foreclosure
Location: Omaha, Lincoln, Bancroft, Norfolk, Grand Island, North Platte, Scottsbluff
Phone: 402-348-1069 or 888-991-9921
Services: Legal Aid of Nebraska’s mission is to promote “dignity, hope, self-sufficiency and justice through quality civil legal aid for those who have nowhere else to turn.” For the past 46 years, Legal Aid has provided free civil legal services to low-income Nebraskans. Legal Aid attorneys work in federal courts, state district courts, tribal courts, and state and federal administrative tribunals.

Avoid Mortgage Scams Nebraska

Attention homeowners: If you think you have been a victim of a scam, or approached by a scammer, report it to the Loan Modification Scam Prevention Network now! Your complaint could provide vital information that will help put loan modification scammers out of business.

Call 1-888-995-HOPE (With your permission, the complaint will automatically be shared with federal, state and local law enforcement)