Our Process
How the Loan Modification Process Works
The purpose of the process is to get homeowners the best terms possible while bringing their mortgage payments back in line with their current financial situation. They start with an initial consultation to learn about your circumstances, your hardship, and how they can help. Taking a look at your entire financial picture allows them to develop a negotiating strategy that will provide you with the best results possible for your personal situation.
After determining your eligibility, we will help you draft the hardship letter to your lender and assemble the documentation required to start the loan modification process. After review and approval of the file by the lender, they’ll begin negotiating the loan modification on your behalf.
Our process has resulted in many successful loan modifications. During that time we have learned what each lender is looking for during the negotiations, which allows them to respond and move the process forward as quickly as possible. Still, the sheer number of loan modifications at each lender means that the process will take some time. During this time these professionals will stay in regular contact to keep you updated on your loan modification.
The main goal for your modified loan is that once completed you will be caught up on payments, in no danger of foreclosure, and have a mortgage payment that fits into your budget every month. Grab control of your future and the peace of mind that comes with it. Call Keeping My Property now.
Please review our checklist of items that you will need to begin your Loan Modification process today!
