Oklahoma Home Loan Modification – Modify Your Mortgage in Oklahoma

Free Loan Modification Consultation

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With this economic meltdown, the banks in Oklahoma are having a rough period. Because of that, the Oklahoma banks are alarmed by high number of foreclosure processes due to increasing loan defaults. This problem occurred because of the banks’ failure to do complete verification on all loan applications, and they made it possible for all citizens to easily apply for a loan. If their clients were unable to pay the monthly rates, they are encountering problems with it.

The banks have no other choice but to deal with the huge number of foreclosed properties in their hand. These homes are very hard to sell right now because the market has small number of interest buyers even if the homes are sold for cheaper price. The bank needs money, not properties, so that they can continue with their function and these properties are unable to give them the money that they needed. To counter this crisis, the government find a solution that will give mutual benefits for both creditor and debtor. A new law was enforced since February 18, 2009 and this introduced the possibility of loan modification after a certain period of time and with special cases.

There are people who failed to make the monthly payment because of their bad money handling or their irresponsible expenditures. However, there are some cases why default happened and this is due to unexpected and unfortunate event. Many people lost their job in this recession time. Those people involved in a divorce process or those who suffer the loss of a family member, which incurred huge financial supports, find it difficult to keep up with their monthly rates. These cases sometimes can force a person to default on his/her loan and so to avoid this from happening, the bank encourages him/her to apply for a loan modification.

If you are overwhelmed by the high rates coupled with the decreased of your monthly with valid reasons, you can contact your lender and then request for a renegotiation of the mortgage contract. The banks are offering their free counseling and they are also giving brochures about the law. Conduct a research on your using the internet before you contact your creditor. Hiring a lawyer can help because he/she will support you in the whole process. He/she will also try to negotiate with your lenders to get the best deal for you.

Don’t fall for the high rates of your mortgage if you are eligible for the loan modification program. Apply for a loan modification and save your home from being foreclosed and avoid defaulting on your loan. Lots of debtors in Oklahoma saved their homes from foreclosure thanks to this solution.

Oklahoma Mortgage Companies

ABN AMRO BANK
8621 NW 116 STREET
OKLAHOMA CITY, OK 73162
Oklahoma City, OK Mortgage & Property Information

Allied Home Mortgage Capital Corporation
16325 N SANTA FE AVE STE C
EDMOND, OK 73013
Tel: (405) 348-8400
Fax: (405) 348-8401
Edmond, OK Mortgage & Property Information

310 W 3RD ST
GROVE, OK 74344
Tel: (918) 787-7750
Fax: (918) 787-5091
Grove, OK Mortgage & Property Information

1210 S BERRY RD
NORMAN, OK 73072
Tel: (405) 292-0400
Fax: (405) 292-0404
Norman, OK Mortgage & Property Information

10310 N 138TH EAST AVE STE 10
OWASSO, OK 74055
Tel: (918) 272-8950
Fax: (918) 272-0950
Owasso, OK Mortgage & Property Information

722B E INDEPENDENCE ST STE B
SHAWNEE, OK 74804
Tel: (405) 275-4520
Fax: (405) 275-4372
Shawnee, OK Mortgage & Property Information

205 W 7TH AVE STE 103
STILLWATER, OK 74074
Tel: (405) 533-2550
Fax: (405) 533-2414
Stillwater, OK Mortgage & Property Information

BANK OF OKLAHOMA NA
102 SOUTH VAN BUREN
ENID, OK 73703
Tel: (405) 242-3838
Enid, OK Mortgage & Property Information

2602 WEST GORE BLVD.
LAWTON, OK 73505
Tel: (405) 250-0070
Lawton, OK Mortgage & Property Information

215 STATE STREET
MUSKOGEE, OK 74401
Tel: (918) 686-5959
Fax: (918) 686-5992
Muskogee, OK Mortgage & Property Information

5015 NORTH PENNSYLVANIA
OKLAHOMA CITY, OK 73118
Tel: (918) 879-8700
Oklahoma City, OK Mortgage & Property Information

413 E. 2ND AVENUE
OWASSO, OK 74055
Tel: (918) 588-8650
Owasso, OK Mortgage & Property Information

7060 S YALE AVE # 400
TULSA, OK 74136
Tel: (918) 488-7309
Fax: (918) 280-3361
Tulsa, OK Mortgage & Property Information

GATEWAY MORTGAGE GROUP LLC
803 E MAIN ST
ADA, OK 74820
Tel: (580) 436-0505
Fax: (580) 436-0606
Ada, OK Mortgage & Property Information

115 N MAIN ST
BROKEN ARROW, OK 74012
Tel: (918) 259-8515
Fax: (918) 259-8506
Broken Arrow, OK Mortgage & Property Information

3535 NW 58TH ST STE 820
OKLAHOMA CITY, OK 73112
Tel: (405) 948-6060
Fax: (405) 948-1939
Oklahoma City, OK Mortgage & Property Information

3131 S SHIELDS BLVD STE A
OKLAHOMA CITY, OK 73129
Tel: (405) 895-6677
Fax: (405) 895-6362
Oklahoma City, OK Mortgage & Property Information

6215 ALUMA VALLEY DR
OKLAHOMA CITY, OK 73121
Tel: (405) 418-0480
Fax: (405) 418-0481
Oklahoma City, OK Mortgage & Property Information

6910 E 14TH ST
TULSA, OK 74112
Tel: (918) 712-9000
Fax: (918) 359-1293
Tulsa, OK Mortgage & Property Information

6126 S MEMORIAL DR
TULSA, OK 74133
Tel: (918) 250-2000
Fax: (918) 250-9009
Tulsa, OK Mortgage & Property Information

5663 S MINGO RD STE M
TULSA, OK 74146
Tel: (918) 294-3959
Fax: (918) 294-1250
Tulsa, OK Mortgage & Property Information

Oklahoma Legal Services

Legal Services of Oklahoma

Assistance: Foreclosure
Location: Statewide
Website: http://www.legalaidok.org
Phone: Central (Canadian and Oklahoma Counties): 800-421-1641
North Eastern and North Central: 800-534-5234
Services: Legal Aid Services of Oklahoma is a non-profit law firm that assists eligible low-income and seniors with civil legal problems, including foreclosure cases.

Avoid Mortgage Scams Oklahoma

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)