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Favorable Conditions for a Successful Loan Modification

Currently behind on mortgage payments
Currently in foreclosure
Existing ARM loan that has/will adjust higher
Demonstrate Legitimate hardship
Reduced Income
Paycut at work
Reduced hours
New job @ less pay
Loss of employment
On Disability / workmans comp
Divorce / Seperation
Excessive medical bills
Back taxes being paid - new expense
Death of Household Provider
Failed Business

Note: Borower must demonstrate NEED & inability to meet financial obligations now or in the very near future.

For assistance with your modification contact:

www.GregZaccagni.com & www.MortgageAdvisor.info

What makes obtaining loan modifications more difficult?

Loan Modification Explained

Posted by Illinois Mortgage Lender Greg Zaccagni on 10/31/2008 09:30 PM

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Loan Modifications in the Mortgage / Finance Channel

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