It’s almost impossible to not be emotional when a home loan is based on an ARM schedule that rises out of sight. Add to that the prospect of a loan foreclosure, when the bank says despite your best efforts they’re going to take your home away from you, lock the door and send you away.

Because a house is more than a financial instrument. It’s a home. The place you go to for warmth, protection, security, family. If loss of an income, illness or divorce is part of why you can’t pay your mortgage, it’s no wonder you have a hard time dealing with a faceless bureaucracy that gave you the mortgage in the first place (perhaps with terms that were poorly explained, if at all).

This is why many homeowners in distressed mortgages are turning to loan modification specialists. These specialists are attorneys and mortgage financing experts, able to help you recast your situation to a more workable payment schedule, one that may well enable you to stay in your home.  How do they work?

The loan modification firm will examine your situation and predict with 93% certainty whether you will or will not qualify for a loan modification.

They approach banks with not only your information, but also background knowledge on what modifications the lender will be willing to do. This is because they know that banks lose when the homeowner loses – a foreclosure costs them money in legal fees, they lose a customer and source of cash flow, and they end up owning, managing and marketing a house, not their core business.

They deal with the whole matter dispassionately — which often is more effective with bankers who otherwise deal with distraught and under-prepared people all day long.

Loan modifications not only help solve problems, but can be a good way to manage the stresses of life in this historically troubled economy.