LOAN MODIFICATION PROCESS

Step 1 - Consultation and Prequalification

Most cases take about 60 to 90 days to complete. Our firms are here to help you every step of the way and look forward to working with you.

Step 2 - Gathering of financial documents

This is an example of some of the documentation that is needed:

• Proof of income. This can include pay stubs, rental agreements, or awards letters
• Hardship letter (explain what happened that made you fall behind)
• Most recent mortgage statement
• 2 most recent months of bank statements
• 2 years of W2's
• Tax returns for 2 years
• Monthly Expense Sheet

What Happens Next

Our firms review and analyze your information in order to compile a negotiation package to submit to your lender. They will fully analyze your case before we begin negotiations.

NOTE: This individual process is entirely up to you and how fast you provide our firms with the necessary information.

Step 3 - Negotiations

Experienced legal professionals will submit your financial package to your lenders and begin negotiations. They will continue negotiations until an acceptable agreement has been received and approved by you the homeowner.

Step 4 - Approval

When your request is approved, final Loan Modification documentation will be sent to you for your approval. We ask that you have at least 2 months of payments saved before your modification is approved to begin on your new payment schedule.

Total time frame

All cases vary depending on the lender but our firms are here to help you every step of the way, no matter the time frame and look forward to working with you.