Loan Modification

Chrisley Asset Management will support both the lender and borrower's interests, while negotiating a workable solution that will satisfy both parties. Trained counselors will obtain the necessary accurate and timely information needed to make a determination about the modification or refinance of a consumer's mortgage. Each counselor will contact the homeowners directly to determine their ability to secure a feasible loan modification. In addition, Chrisley Asset Management assists lenders by verifying their compliance with the latest HAMP regulations and confirming that consumers have a single point of contact with whom they can interact.

In the past, loan modifications have been criticized due to the lack of communication by both the borrower and the lender. Chrisley Asset Management works hard to alleviate that issue completely. By assigning an account specialist to a set of properties, each borrower and specialist will have more opportunity to effectively communicate. This will enable the attorneys, lenders and borrowers to stay apprised of all negotiations and restructuring of the loan. Chrisley Asset Management will monitor the process through each phase and stay committed until the permanent modification is in place.

Here are examples of loan modifications:

• Lowering the Interest Rate
• Reducing the principal balance
• 'Fixing' adjustable interest rates
• Increasing the loan terms
• Forgiveness of payment defaults & fees