About Us

98% of foreclosures can be stopped!

What Makes Us The Best For You?

The American Modification Agency is the ONLY modification company that is fully licensed, bonded, and insured. We are also recognized by all three major credit bureaus. (Equifax, Trans Union, and Experian)

Our primary objective is to assist you in making an informed and educated decision regarding your personal mortgage loan situation. Our Mortgage Loan Modification Specialists will implement a solution that will best satisfy your needs.

Approval Factors

Equity in the home is usually the largest component in the decision making process of whether to approve or deny a loan modification package.

When a homeowner has little equity, no equity, or negative equity it is almost always a better decision by the bank from a financial perspective to modify the loan. If the bank has to repossess the home, it will be very difficult for the bank to recoup its investment if they have to sell it.

In instances where there is substantial equity, it is generally more profitable for the bank to move forward with a foreclosure than to modify the loan to a break even point. When the bank resells the home, they will get back there initial investment and try to cover any lost interest and foreclosure costs.

Our attorney’s are familiar with the calculations that each bank uses to determine eligibility for loan modifications. They know the floor rate that each bank will allow, and what they will need to prove in order to get your modification approved.

Home loan modification

Lenders are allowing home loan modifications because a foreclosure is an expensive process. Banks would rather modify the terms of your loan than foreclose on your property, especially during the financial crisis taking place in today’s market.

We will use the following example of a home purchased in 2004 for $535,000:

· $500,000 Present Mortgage Balance

· $30,000 In Present Delinquent Payments

· Foreclosure Attorney Fees $15,000 (by the bank)

· Total Loan Balance of $545,000.00 (of the borrower)

Almost every housing market in the country is in a depreciating market. This home was worth $535,000 when purchased.

Current comparable sales in the area are going for approximately $435,000.

If the bank forecloses on this property and it goes to auction, the bank will be lucky to receive 75% of the current value. At 75% loan to value this home would sell for $326,250. Therefore,

$545,000 - $326,250 = $218,750.00 (What the bank would end up with at a loss).

In this example the bank would lose almost two hundred and twenty thousand dollars ($220,000). Banks are in business to make money, and if your home goes into foreclosure they can lose massive amounts of money. Banks can prevent this from happening by modifying the terms of your loan.

When you work with our professionals, they will negotiate with your lender to lower the amount that you owe in delinquent payments, add the delinquent amount onto the end of your loan term, decrease your current interest rate to a low fixed rate, and stop your foreclosure.

You can save your home, lower your rates/payments, reduce your mortgage balance, and eliminate all late payments, interest, attorney fees and more! Applying is free, and you have many options to assure that you keep your home. Our success rate is one of the highest in the industry!

We understand the stress of the harassing phone calls, threatening letters, and that situations can get to the point of returned checks and no returned calls. We also understand that bad things can happen to good people.

Thousands have been helped with our simple system, because we have your options covered.

All consultations are free, save your home today!

A Loan Modification will change your existing mortgage note and give you a fresh new start in managing your home. Your account will be brought up to date immediately.

Custom Analysis for Each Client

At AMA, we understand that everyone's financial situation is unique, which is why we offer comprehensive, personalized, and proven modification programs that get results. Our legal experts understand the importance of providing individual services that are tailor-made to effectively meet your personal financial needs.

FREE Consultation

If you are a victim of predatory lending or mortgage fraud, it's sometimes possible to have your mortgage voided and to apply 100 percent of your payments to the principal balance. There are certain consumer protection laws in place that are truly effective in helping homeowners fight against lenders who are trying to foreclose on their homes.

Many homeowners are unaware that they can fight back against their lenders and win!

Apply for a FREE QUOTE HERE and see if you can save your home