Please Note: Option One closed in 2007. Loans are primarily services by AHMSI.
Short Sale and Loan Modification With Option One
Option One was one of the first lenders to meet the fate of so many to follow having closed their doors in late 2007. The thousands of loans originated by the company are now serviced by American Home Mortgage Servicing Incorporated (AHMSI), one of the best companies around for obtaining a loan modification.
Loan Modification Is Possible
Option One was known for originating a lot of loans that are now considered toxic. Borrowers had multiple options for paying back the loan and it often resulted in interest only and minimum payments. This has, in effect, created a strong need for loan modifications. The company servicing the loans, AHMSI, has responded by actively working to resolve these problematic mortgages.
Option One Loan Modification Success
A homeowner with a loan originated by Option One came to us with a typically high interest rate over 9%. At the time, he was late on his payments of over $2,000 per month. This person also had a 2nd loan with an interest rate over 14%. Through our negotiation efforts, we secured him a fixed rate for the life of each loan that not only locked in his future payments, but lowered them by over $400 per month. With Option One loans being serviced by AHMSI, a company actively modifying loans, your chances of getting a similar or better result are high.
Do You Qualify With Option One?
We have experience modifying loans originated by Option One and are able to achieve some incredible results. However, not everyone will qualify. We offer a complimentary consultation to homeowners so we can determine if your case can result in a successful modification.
We can get started on your loan modification with Option One right now. The application on this page gets you moving. You may also call us at the number provided at the top of this page.
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