Casi Mod
Georgia Loan Modification Laws
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Easily access your clients financial worksheet
Software designed to work with the actual flow of managing a modification request requires functionality such as our 'call in financials' panel which organizes a summary of expenses, bills and income.
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Creating Your Loan Modification Terms
Quick review of how Casi Mod loan modification can quickly determine home-owner eligibility based on waterfall technology. Perform multiple tasks without having to move to different screens. Easily switch from loan modification to a short-sale and remain on the same screen. Use the 'dirty' section to isolate items that are of concern or items that you should improve prior to lender / bank submission.
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HAMP Making Home Affordable
Know when your client qualifies for the HAMP program base on information inputted into Casi Mod. The Home Affordable Mortgage Program is one of the most important tools available to home-owners. Understanding the guidelines is important and Casi Mod simplifies the process by applying the rules that you can easily reference to determine eligibility.
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Send Loan Modification Package To Your Client Quickly
Send loan modification package directly to client from the mail center. Once the application is completed it will auto populate all information into the forms required to process the loan modification. Send by email, efax, or print all documents directly to your prospect.
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Loan Modification Worksheet.
One screen, perform multiple tasks without having to move to different screens. Easily switch from a modification to a short-sale and remain on the same screen. Use the 'dirty' section to isolate items that are of concern or items that you should improve prior to submission to the lender or servicer.
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Offers comprehensive financial plans
Mortgage loan modifications may or may not be in the best interest of a home-owner. Casi Mod Loan Modification Software offers comprehensive financial plans that can assist the home-owner to understand all available options and then make an informed decision.
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Georgia Loan Modification Laws
Georgia
Loan Modification Laws
On May 13, 2008 Governor Sonny Perdue
signed into law Senate Bill 531. The bill increases the notice to a
homeowner before a lender can foreclose.
SB 531 lengthens the notice period from 15 days to at least 30 days prior to
the scheduled foreclosure sale.
SB 531 also requires that the certified letter giving the homeowner notice
of the foreclosure sale include the name, address, and telephone number of
the “individual or entity who shall have full authority to negotiate, amend,
and modify all terms of the mortgage with the debtor.” This provision of the
bill is important because when homeowners are negotiating with their
servicers, they often do not know what entity actually owns their loan.
Sometimes a servicer will refuse to offer the homeowner a loan modification
or other workout, claiming that they lack authority to do so. If the
homeowner wants to reach the company that ultimately has the authority to
accept any workout agreement, or if the homeowner wants to pursue a legal
claim related to their mortgage loan, he or she needs to know the identity
of the current holder of the mortgage loan. This bill requires that identity
to be disclosed.
Lastly, SB 531 requires that the current holder of the mortgage loan record
the assignment of the security deed, which shows the present owner of the
mortgage loan, in the public deed records before conducting the foreclosure
sale.
'Mortgage loan originator' means an individual who for compensation or gain
or in the expectation of compensation or gain takes a residential mortgage
loan application or offers or negotiates terms of a residential mortgage
loan. Generally, this does not include an individual engaged solely as a
loan processor or underwriter except as otherwise provided in paragraph (5)
of subsection (a) of Code Section 7-1-1002; a person or entity that only
performs real estate brokerage activities and is licensed or registered in
accordance with Georgia law unless the person or entity is compensated by a
mortgage lender, mortgage broker, or other mortgage loan originator or by
any agent of such mortgage lender, mortgage broker, or other mortgage loan
originator; and does not
include a person or entity solely involved in extensions of credit relating
to time-share plans, as that term is defined in 11 U.S.C. Section 101(53D).
Learn about self help assistance (doc preparation package) and loan modification coaching. Also generate more income with our Business in a BOX package..
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Fax: 866-929-5897
Email:
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