Here are some of the main items likely to interfere with a loan modification request:

• Sole hardship being too much debt
• Having lots of assets including 401k's & IRA's
• Low debt to income ratio - too much income vs. debt
• Ownership of multiple properties
• Sole hardship being mortgage more than property is worth
• More money being deposited than what is claimed as income
• Having had a modification within the past year
• History of missed payment not related to current situation
• Having the current loan for less than 1 year

Note: you must show the ability to meet your obligations after the modification is approved.  If you are not working and not seeking employment it is unlikely a modification will be approved.

Contact me for more @ www.GregZaccagni.com & www.MortgageAdvisor.info

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Favorable Conditions for a Successful Loan Modification

Loan Modification Explained

How to improve your odds of receiving a loan modification