David Gotterup

David Gotterup graduated from the State University of New York College at Oneonta with high honors in economics. He has owned and operated Empire Home Savers since 2007. The Garden City mortgage company, which specializes in loan modifications, serves homeowners primarily in the Nassau County, New York, area. David Gotterup and his staff of 45 sales representatives and customer service agents halt foreclosures and negotiate on behalf of clients with the goal of obtaining a permanent loan modification for them while preserving their credit. As David Gotterup cautions prospective customers, they cannot equate a loan modification to a mortgage loan refinancing. The former alters the terms of the original agreement rather than going to the trouble of creating an entirely new one. Loan modifications may offer the best method for the homeowner to obtain a lower monthly payment and reduced interest rate, sometimes by extending the life of the loan. A loan modification also differs from debt consolidation, which gathers all consumer debt aside from the mortgage loan. David Gotterup has observed that homeowners who approach lenders on their own typically fail to secure a modification of their mortgage loan on the best attainable terms. Such people can benefit substantially from the expertise of a professional representative who guides them across the barriers between various parties, such as private companies, law firms, and public agencies. The mortgage professionals under the direction of Mr. Gotterup can gather essential documentation and negotiate with the other multiple players on the homeowner’s behalf. Empire Home Savers has the experience to take swift action and protect not only the client’s financial stability, but also consumer goods and furnishings that make the house a home. According to David Gotterup, the process of obtaining a loan modification can take as little as 2 weeks for homeowners who have an FHA-guaranteed loan.