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GMA in the News 

Feds sweeten housing rescue program
Miami Herald
Avi Shenkar, president of GMA Modification in Miami Beach, said things were improving.... Read the rest

Tracking Loans Through a Firm That Holds Millions
NY Times
Avi Shenkar, whose company, the GMA Modification Corporation in North Miami Beach, Fla., helps homeowners renegotiate mortgages... Read the rest

Scams target homeowners seeking foreclosure rescue
Miami Herald
Shenkar said eight out of 10 GMA customers had first sought assistance from their lenders but were unsuccessful.... Read the rest

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 Loan Modification 

Can't Sell! Can't Refinance! Can't afford the mortgage payment!

So you've tried everything else to keep up with your mortgage payments but unfortunately nothing has worked out. Giving today's real estate market along with the economical downturn your lender would like nothing more then to keep you as a client and collect mortgage payments. However, with the amount of homeowners attempting to contact their lenders and go through the vigourus negotiation process of loan modification, not much is being done. Lenders do not have the manpower and the loss mitigation representatives do not have the dedication or authority to work closely with each borrower to obtain the necessary modification to keep you afloat.

General Modification Affiliates has the manpower, the resources, the strategy, and the streamlined communication with every lender which allows us to get through the barriers and accomplish a loan modification with a quick turn-a-round and a more than satisfactory solution.

Our Loan Modification Services Include:

  • General Modification
  • Interest Rate Conversion (Adjusted to Fixed)
  • Forbearance Agreements
  • Deed in Lieu of Foreclosure
Loan Modification Example 

Loan Modification Example

Current Loan

Modified Loan

Balance

Rate

Payment

Balance

Rate

Payment

$350,000

7.25%

$2,387

$284,000

5.875%

$1,679

 
 
 


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