It is important that you thoroughly review the Frequently Asked Questions, Additional Trial Period Plan Information and Legal Notices information included with this letter.
Once you have successfully made each of the payments above by the due dates, you will receive a final 2nd Lien Veripro Repayment Plan agreement packet.
Upon receiving this packet, please sign and return the Repayment Plan agreement. After the signed agreement has been received, Veripro will countersign the agreement.
At that time, your mortgage will be permanently modified in accordance with the terms of your agreement.
Your total outstanding balance will be reduced by 20% and you will be allowed to repay the remaining balance with the same monthly payment amount with 0% interest.
Once the Trial Period Plan is completed, we can provide you a confirmation letter to reflect the status of the repayment plan as Paying as Agreed. You will be current on the repayment plan agreement.
Once the balance is paid in full, we will close your file with a $0.00 balance due and send you confirmation of Payment in Full and we will record a full mortgage satisfaction to release the lien in your property county recorder's office.
If you fail to successfully complete this Trial Period Plan, this offer will end and the 2nd Lien Mortgage loan balance will be due in full.
Please note: Until this 2nd Lien Repayment Plan has been completed, your existing note and all mortgage documents remain in effect and unchanged during the trial period.
If you miss a payment, or do not fulfill any other terms of the trial period, this offer will end and the mortgage loan balance will be due in full.
If you are unable or unwilling to pay the monthly trial payment listed above. we may have other options for you - such as a Reduced Payoff allowing you to settle the balance at a fraction of what you owe either in one lump sum payment or over several months.
We also offer balance reduction payment plans. These plans may allow you to reduce your total balance by up to $20.000 or more after successfully completing 12 consecutive monthly payments. We also may offer to match your payments dollar for dollar to help you pay off the balance.
All of these options ultimately could help you obtain a mortgage release, and further our mission to help you own you own your home.
If you are interested in the other plans we offer CLICK HERE to find out more.