Do You Qualify for a Loan Modification?
source: http://www.thinkglink.com/article/2009/08/11/loan-modification-do-i-qualify-for-a-loan-mod
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- IlyceGlink
- added this
Loan modifications are hard for homeowners to figure out.
Many get mixed signals about whether they qualify for a loan modification from their mortgage loan servicers.
You might be told you do qualify for a loan modification one day, and then in the next letter told that you do not qualify for a loan modification - even though your financial situation has gotten worse.
But even if you do qualify for a loan modification, it is taking months for them to happen. You'll have to be patient, but not not a doormat.
Find out whether you qualify for a loan modification by contacting a HUD housing counselor. And, call back your own mortgage lender frequently to check on the status of your loan modification.
Many get mixed signals about whether they qualify for a loan modification from their mortgage loan servicers.
You might be told you do qualify for a loan modification one day, and then in the next letter told that you do not qualify for a loan modification - even though your financial situation has gotten worse.
But even if you do qualify for a loan modification, it is taking months for them to happen. You'll have to be patient, but not not a doormat.
Find out whether you qualify for a loan modification by contacting a HUD housing counselor. And, call back your own mortgage lender frequently to check on the status of your loan modification.
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- groups:
- Money
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- tags:
- Economy, Money, Loans, Ilyce Glink
