Nevada Home Loan Modification – Modify Your Mortgage in Nevada

Free Loan Modification Consultation

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The banks in Nevada as well as banks all over the world made a big mistake in approving mortgages without stringent verification and control regarding the financial condition of the client.

Every people got their home loan approved and have the opportunity to achieve their dream house; however, they didn’t thoroughly think about the ways to pay for their monthly rates. People who suffered financial difficulties resort to loan defaults because they cannot keep up with the payments anymore. With this, the bank started the foreclosure processes so that they can have the ownership of the mortgaged properties in order to recover the money they invested. The foreclosed properties must be converted to money and hence, the lender puts the foreclosed homes for auction.

However, this process is unsuccessful nowadays due to the overwhelming number of foreclosed properties as compared to the number of interested and potential buyers in the market. In short, the bank cannot harness the benefits of the foreclosed belongings, and they resort to different approaches for the situation. To aid the struggling real estate market, the authorities enforced the loan modification program. This is a process of re-negotiating the initial terms of the contract so that both parties can have a better deal and benefit from the loan instead of just wasting it away.

The bank accomplishes its objective of re-acquiring the borrowed money if he/she is willing to have a collaborative effort with the debtor, instead of seizing the properties. In helping the affected people to obtain better deals, there are many law offices specializing in the loan modification process that can help you achieve your objectives. You can choose the fixed rates but it has its own cons; this rate is calculated based on your financial situation in good times.

However, recent events resulted to the loss of jobs for many people or are underpaid. The rates should be recalculated again and should consider the new income of the individual. Extension of the mortgage length is possible so that the rates can be reduced to the ones that you can pay.

Apply to this new modification law so you can avoid foreclosure of your home. By doing this, you bring benefits to yourself as well as to the bank, because there will be no more defaulting from their side. The Nevada Loan Modification law is such a great solution to avoid the foreclosure procedures. Based on the statistics, the number of foreclosed homes decreased in Nevada since the implementation of this new program.

Nevada Mortgage Companies

Nevada Loan Source, Inc.
775-883-6767
4821 Purple Sage Court
Carson City, NV

US Express Mortgage Corp.,NV,VA100%&Conv95%Fixed
702-735-7777
375 E. Warm Springs Road., Ste. 100
Las Vegas, NV

Bank of America – Southern Highlands
702.654.6400
4840 West Cactus Ave
Las Vegas, NV

US Bank – West Charleston NV Office
(702) 258-9990
2820 W Charleston Blvd
Las Vegas, NV

Monarch Mortgage
775-331-4400
1301 N. McCarran, Suite 102
Sparks, NV

Aryans Inc. D.B.A. The Bank Office
(702) 989-9919
10120 S. Eastern Ave. #200
Henerson, NV

Direct Access Lending – Eli Mizrachi
702-460-4023
8751 W. Charleston Blvd #210
Las Vegas, NV

JEMCO MOBILE NOTARY SIGNING AGENCY
702-349-7392
CERTIFIED MOBILE NOTARY SIGNING AGENT
LAS VEGAS, NV

US Bank – Marcello Marketplace Office
(702) 636-8031
2420 N Rancho Dr
North Las Vegas, NV

Nevada Legal Services

Clark County Legal Services
(a/k/a Clark County Pro Bono Project)

Assistance: Housing, Consumer Fraud, Real Estate Fraud, Debt and Credit
Location: Las Vegas
Phone: 702-386-1070
Services: Free legal services for Clark County residents on a variety of civil law issues, including housing, consumer, and financial matters.

Community Legal Services, Senior Law Project

Assistance: Consumer/Misleading Business, Housing and Real Estate (for Seniors)
Location: Las Vegas
Phone: 702-454-8647 or 702-454-9574
Services: The Project provides free legal services to seniors living in Southern Nevada (mostly Las Vegas, Henderson, and Clark County) with elder rights and abuse problems, consumer issues involving misleading business practices, housing and real estate problems and guardianship.

Legal Aid Center of Southern Nevada

Assistance: Foreclosures and Loan Modification Scams
Location: Las Vegas
Website: www.lacsn.org/
Phone: 702-386-1070 or 800-522-1070
Services: The Legal Aid Center of Southern Nevada provides free legal services to eligible, low-income Clark County residents. It represents homeowners in foreclosure cases. The website contains information about loan modification scams, the foreclosure process, links to the Financial Stability Program, a housing counseling agency, and relevant state agencies. In addition, the organization offers The Pro Bono Project, which places low-income individuals with private attorneys in Clark County who have agreed to accept cases at no charge. Provides services to eligible, low-income Clark County residents in English and Spanish.

Nevada Fair Housing Center

Assistance: Lending, Consumer, Foreclosure Counseling and Financial Services
Location: Las Vegas
Website: www.nfhc.org
Phone: 702-731-6095
Email: info@nfhc.org
Services: The Fair Housing Center represents consumers in federal housing, lending, and consumer cases. In addition, the Center works on behalf of consumers providing free financial counseling as well as foreclosure prevention services. To begin the process, homeowners can complete the client intake form found here: http://www.nfhc.org/fcprevention.htm.

Nevada Legal Services Inc.

Assistance: Foreclosures
Location: Offices in Las Vegas, Reno, Carson City, and Elko
Website: www.nlslaw.net
Phone: Las Vegas (702-386-0404); Reno (775-284-3491); and Carson City (702-386-0404)
Email: info@nfhc.org
Services: Nevada Legal Services, Inc. (NLS) is a non-profit organization providing free legal services to low-income Nevadans. NLS is a state-wide organization assisting low-income individuals in every county in Nevada. Services are provided in English and Spanish.

Nevada Supreme Court and Nevada State Bar

Volunteer Attorneys for Rural Nevadans (VARN)

Assistance: Foreclosure Mediation Program
Location: Carson City
Website: http://www.nevadajudiciary.us/index.php/foreclosuremediation
http://www.nvbar.org/news/foreclosure.htm
Phone: Northern Nevada (775-687-9816)
Southern Nevada (702-486-9380)
Outside 702 area code (888-421-3004)
Email: foreclose@nvcourts.gov
Services: Under the Foreclosure Mediation Program, homeowners who receive Notices of Default and Election to Sell have thirty days from the day they receive their notices to seek mediation. In addition, the State Bar of Nevada provides referrals to lawyers who practice in this area and the Nevada Supreme Court’s website provides links to information about the program.
Assistance: Foreclosures and Other Real Estate Matters
Location: Carson City
Website: www.varn.org
Phone: 775-883-8278 or 888-448-8276
Email: info@varn.org
Services: Volunteer Attorneys for Rural Nevadans provides free civil legal services for low-income individuals and families in rural Northern Nevada (Carson City, Churchill, Douglas, Lyon, and Storey Counties). Services are provided in English and Spanish.

Washoe County Senior Law Project

Assistance: Consumer Fraud, Housing and Real Estate (for Seniors)
Location: Reno
Website: www.washoecounty.us/seniorsrv/legal.htm
Phone: 775-328-2592
Email: slawproj@washoecounty.us
Services: The Senior Law Project (SLP) is a non-profit law firm operated by the Washoe County Department of Senior Services. The SLP provides free legal services to persons 60 years and older, who are residents of Washoe County. The Project provides counseling and representation in a wide variety of cases such as consumer fraud, housing, real estate, elder base matters. Services are provided in English and Spanish.

Avoid Mortgage Scams

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)