What is Making Home Affordable?

Loan modification help is only a few seconds away! Read this article to find out more about the Obama Administration’s Making Home Affordable loan modification program and to see whether or not you qualify.

The Home Affordable Modification Program (HAMP) is the single best way to achieve a fixed rate loan modification that will significantly lower your monthly mortgage payments.

You do not have to be late on your mortgage to qualify under the Government Initiative, and your loan does not necessarily have to be held by Freddie Mac or Fannie Mae. Financial incentives are given to lenders that participate in modifying mortgage loans under the initiative, and to date hundreds of thousands of homeowners have saved their homes and avoided foreclosure through loan workouts.

Which Lenders Participate in Making Home Affordable?

If your loan is currently guaranteed by Fannie Mae or Freddie Mac, participation by your mortgage holder, or servicer, is mandatory, and if you qualify for a loan modification under the guidelines, they must approve it. Otherwise, lender participation is voluntary. Here’s an up to date list of which lenders participate in Making Home Affordable:

What Are the Guidelines for Making Home Affordable?

You can qualify for a loan modification under Making Home Affordable if you meet the following guidelines:

1. Your home is your primary and only residence
2. The amount that you owe on your first mortgage is equal to or less than $729,750
3. You are having trouble making your monthly mortgage payments
4. You got your current mortgage before January 1, 2009
5. Your payment on your first mortgage (including principal, interest, taxes, insurance, HOA fees if applicable) is greater than 31% of your current gross income

What are the Benefits of Making Home Affordable?

Many borrowers say, ok, I want to save my home and lower my monthly mortgage payment as much as possible. How much money will I save if I get a loan modification through the Home Affordable Modification Program (HAMP)?

Under Making Home Affordable, your new monthly payment will be the maximum amount that you can afford under program guidelines. The target maximum amount for your monthly mortgage payment is based upon your “front end” DTI or Debt-to-Income Ratio. To calculate your new mortgage payment and to determine how much money you will save, multiply your gross monthly income by 31%.

For qualification purposes, do not include any payments on your second mortgage. Make sure to account for taxes and insurance by dividing the yearly or quarterly amounts to monthly figures. If you are currently escrowed, make sure to account for your Taxes and Insurance only once.

HAMP expires on December 31,2012. Your trial loan modification must be in place prior to this date in order to get a loan modification through MHA.

If you are in need of loan modification help, or your lender is being uncooperative in helping you get a mortgage loan modification, please contact us by completing a quick application right here on our website. We are Modification Zoom, and we are here to help!

Loan modification has been all over the news as of late as struggling homeowners have been seeking a way to avoid foreclosure and lower their mortgage payments to affordable amounts. Since the implode of the housing bubble, on average over 200,000 Americans have been served foreclosure notices each month, and they are desperately in need of a solution.

Prior to implementation of the Obama Administration’s Making Home Affordable Program, lenders all had completely different and often completely arbitrary guidelines for which homeowners they would or would not grant a mortgage loan modification.

Towards the end of the Bush Administration, a program was implemented called “Hope for Homeowners”. It was a smashing failure. Hope for Homeowners required borrowers who achieved modifications through the program to agree to give a significant amount of the equity in their homes to the Government should they decide to sell their property. Additionally, a horrific assumption was made that lenders would simply voluntarily participate, however nothing could be further from the truth.

To date, approximately 240,000 homeowners have gotten loan modifications through Obama’s Home Affordable Modification Program (HAMP). While this sounds impressive, this is actually terrible; originally President Obama was quoted saying he hoped that government initiative would help 8-9 million homeowners in need. Clearly we are missing the mark, however this time around there are at least incentives to lenders to help homeowners get a loan modification under Making Home Affordable.

Fundamentally, there are a number of problems with the programs. First and foremost, lenders do not want to help the neediest homeowners as they are the riskiest. Homeowners that are days away from foreclosure are very much more likely to re-default even after a loan modification.

From the homeowners’ viewpoint, they are simply fed up with hours of time wasted on hold with lenders only to be connected with a “specialist” that is under-trained, or worse, simply will not take the homeowner seriously unless there is also an Attorney on the line. Turn times are horrific; for homeowners attempting to get modifications on their own they often have to wait 3 months or more for any kind of mortgage relief.

President Obama, The Department of Treasury, and The Department of Housing and Urban Development (HUD) have become so fed up with Lender inaction that they have on numerous occasions called in the CEO’s of the major lenders to explain why more hasn’t and isn’t being done.

Across the internet on websites such as Mandleman Matters, Loanworkout.org, Blown Mortgage, and numerous others, as well as in the media through print and TV, there has been a public outcry against lenders inaction, and unwillingness to help borrowers get mortgage modifications.

Here’s a recent and interesting article from CNN on the failure of the Making Home Affordable Program:

(CNN) — When President Obama unveiled the Making Home Affordable Program in March, he said it would help “responsible folks who have been making their payments” reduce their monthly mortgage bills and avoid losing their homes to foreclosure.

But six months into the program, only 6 percent of the 4 million eligible homeowners have gotten help. A lot more say they’ve been frustrated with the runaround they’ve been getting from lenders.

Are the new program’s growing pains responsible for the slow start, as bankers say, or is pain to their bottom lines really preventing the program from working, as critics say?

The Making Home Affordable Program is supposed to work this way:

In return for billions of dollars in taxpayer bailout money, banks would offer loans that would reduce troubled borrowers’ monthly mortgage payments to 31 percent of their income. To qualify, a homeowner must have an income and must live in the house, and that house can’t be worth more than $730,000.

The bank is also allowed to calculate the value of the mortgage against the profit it would make from a foreclosure.

Banks are prohibited from selling a house in foreclosure while the homeowner is being considered for an adjustment. The Treasury Department oversees the program, and the banks signed contracts with Treasury binding them to cooperate. Watch more about how the program has worked so farVideo

Treasury Secretary Timothy Geithner has been so unhappy with the program’s pace that he called in lenders for a meeting and demanded they do better.

In a July 9 letter to one servicer, JP Morgan, Geithner and Shaun Donovan, secretary of Housing and Urban Development, wrote “there is a general need for servicers to devote substantially more resources to this program for it to fully succeed and achieve the objectives we share.”

They called on the banks to hire more staff, expand their call centers and allow homeowners “an escalation path for borrowers dissatisfied with the service they have received.”

The mortgage industry’s top lobbyist says any problems to date are the growing pains associated with getting such a massive program up and running.

“It is working, and it needs to be given some time,” says John Courson, head of the Mortgage Bankers Association. He says banks are still staffing up and getting the program off the ground. “It took 90 days to get out the rules and the procedures and the forms, and so that’s a fairly new program,” he said.

Courson says that lenders are still “training more and more staff as they are getting more and more people who are familiar with this program.”

He insists that the banks want to cooperate.

“It’s in the banks’ best interest to work with those borrowers to keep those loans on the books and avoid foreclosure,” Courson said.

But critics say that the program works against the banks’ best interests, as the homeowners who most need the program are the riskiest bets.

“If the borrower is really in trouble, [the lenders] probably don’t want to do the modification, because they think there’s a good chance the borrower will redefault, and they will do a lot of work and they won’t collect money,” said Paul Willen, an economist with the Boston Federal Reserve who has studied bank foreclosures and modifications.

“The problem with this is in some deep sense, you can’t penalize the banks for acting in self-interest. It’s a for-profit business.”

Others are critical of the voluntary nature of the program and the Obama administration’s hands-off relationship with lenders.

The Treasury Department official charged with overseeing the program insists it’s “off to a strong start, with hundreds of thousands of trial modifications already underway.”

Assistant Secretary for Financial Institutions Michael Barr acknowledges that “servicer performance has been uneven, but servicers have committed to ramping up efforts to improve the process for borrowers,” and he insists that “the administration will hold these institutions accountable for their progress.”

He says Treasury is on track to help 3 million to 4 million homeowners in three years.

Diane Thompson of the National Consumer Law Center has a theory on why the Obama administration isn’t getting tougher with the banks: “This is a voluntary program. I think Treasury has been very concerned to make sure that servicers [the banks] are willing to participate.”

She’s convinced that banks will improve their track record only if they’re forced to make loans.

“Until it’s made a mandatory program, I think we will not see a significant drop in foreclosures,” Thompson said.

Another problem with the program is that banks don’t always have the final say.

Many of these mortgages are held by private investors, and the bank simply acts as a middleman. If investors think they can make more money by foreclosing than modifying the loan, experts say the bank is powerless to override that decision.

Susan Wachter, professor of real estate and finance at the Wharton School, explains, “These are contracts. The government does not have the right to rescind contracts. The government can legislate all they want, but there can be lawsuits.”

Willen adds: “What’s upsetting about this is that with Making Home Affordable, what you ended up with may be worse [than doing nothing]. We’re giving more money to banks, and not preventing many foreclosures.”

The Treasury Department has begun stepping up pressure on banks. This month, it began publicly reporting the number of the program’s loans the banks had offered, as a way to shame banks into better participation rates.

While JP Morgan-Chase has enrolled 20 percent of its eligible customers and Citibank 15 percent, two banks that got the biggest bailouts have some of the lowest enrollment rates, according to Treasury: Wells Fargo has enrolled 6 percent of eligible customers, and Bank of America 4 percent.

Both banks say that those numbers are misleading — that they have many more offers in the pipeline and have increased staffing.

Bank of America also says it is bigger than other banks, so it has more applicants to process. Wells Fargo also says that it has refinanced many hundreds of thousands of loans outside of the government program.

Courson said many other banks are also offering their own mortgage modification programs, and if you count those, “a million and a half borrowers were assisted in the first six months in this year.”

Multiple administration officials insist to CNN that there is adequate oversight of the program and that the Treasury Department has enlisted Freddie Mac to monitor the banks.

A Freddie Mac official, who would speak only on the condition of anonymity because it is acting “at the direction of Treasury,” told CNN that its investigators visit banks, but only after giving the banks’ management notice that they’re coming.

The agency reviews loan documents, but only those that lenders provide. There are no surprise visits, no tape recordings of bank calls to assure quality assurance, and no way to respond to individual homeowner complaints.

Recently, Freddie Mac began random reviews of cases in which homeowners were denied Making Home Affordable loans. So far, Freddie Mac has not found a single instance of noncompliance worth referring to the Treasury Department for a penalty.

The Treasury Department was unable to show CNN any instance of a lender being penalized for breaking the program’s rules.

Source: Jessica Yellin, CNN National Political Correspondent

Its rapidly becoming apparent that as lenders become more profitable and pay back the TARP stimulus funds loaned to them by the Federal Government, they are going to become less and less likely to approve loan modifications. During the refi boom, if you were late on your mortgage, there was almost no such thing as a loan modification, or mortgage relief.

Already, it is almost impossible to get a loan modification without a strong Attorney forcing the lender into granting a loan workout. Soon, it may become even more difficult for the Attorneys to get mortgage loan modifications for clients. Homeowners are urged to take the time to speak with a Modification Zoom Consultant, and possibly connect with an Attorney. We’re here to help homeowners avoid foreclosure, and can answer the tough questions that lenders may not want to or refuse to answer.

What is a Loan Modification?

 A mortgage loan modification is a process whereby the terms of the existing mortgage are modified to new terms that are more agreeable to the homeowner and lender.

What’s the basic idea behind loan modifications?  How does this work?  Can a loan modification save my home?

Lenders have been faced with staggering losses due to so many foreclosures.  Typically when a lender forecloses on a home, the house is “under-water”.  When you add the total cost of foreclosure, including legal fees, maintaining the property, Realtor fees, and the overall loss due to the house being upside down, it typically translates to a huge cost to the lender.  Rather than foreclosing on a home, in most cases it makes more sense for a lender to help the homeowner lower their payment on their mortgage and keep their house.  By helping borrowers save their homes, lenders are able to still earn interest on the existing loans, and do not have to face the huge cost of foreclosure up front.

What are the benefits of a loan modification?

There are many possible benefits to successfully modifying your mortgage loan, which include a reduction of your interest rate, changing your loan from an adjustable mortgage to a fixed rate mortgage, reducing the principal balance, or the amount that you owe, reducing or forgiving the amount that you owe in late fees and penalties, changing the duration of the loan – e.g. to a 30 yr. or 40 yr. mortgage, and capping the monthly payment to a percentage of the household income.

Who ultimately decides whether or not to grant a loan modification?

Your lender ultimately makes the decision whether or not to modify your mortgage.

What about Government Programs, such as FDIC’s Mod-in-a-Box, HAMP (Home Affordable Modification Program) under the Loan Modification option of Obama Administration’s Making Home Affordable Program, and the new FHA – HAMP?  Will these force my lender to grant a loan modification?

It is important to remember that lender or bank participation in these programs is voluntary.  Yes, the Government typically provides incentives under these initiatives to lenders to modify mortgages; however, it may not necessarily guarantee that a mortgage loan modification will be completed.  Additionally, even if your lender or servicer participates in Government Loan Modification Programs, your loan may actually be held by a servicer that does not participate in these programs.  The very best thing to do is to speak with a loss mitigation expert that can help you make sure that you qualify under these Government Programs, such as a HUD Counselor or a reputable Attorney.

Do I have to be late on my mortgage to qualify for a loan workout?

You do not necessarily have to be late on your mortgage to qualify for mortgage help, a lower interest rate, and a lower payment.  Many lenders do require that you are late on your payment prior to considering a loan modification, however, under some programs and with certain lenders, you do not have to be late on your mortgage, you merely need to demonstrate that you are experiencing enough financial hardship that warrants a loan modification.

What if I have lost my job and am currently unemployed?

In some cases you may still qualify for assistance.  It is important to speak with your lender, a HUD counselor, or legal representation regarding your qualification and the possibility of getting a mortgage loan modification prior to beginning the loan modification process.  In some cases, the time may be better spent looking for employment, and then contacting your lender’s loss mitigation department.

What if I have completely let my finances go, and the Sheriff is literally knocking on my door?

Speak with an attorney immediately.  You may be able to postpone the foreclosure with an attorney’s help long enough to get a loan modification done.  One stall tactic that is often employed is merely to send a qualified written request to your lender demanding a copy of the original note; without a copy of the note, your lender cannot foreclose.  Filing for bankruptcy can also delay the foreclosure process, however lenders are catching on and almost immediately combating this with requests for release.  The best thing to do is to speak with an attorney.

How long does it take to get a Mortgage Loan Modification?

Typically, mortgage loan modifications take anywhere from 30-90 days to complete.  Make sure that during that time, you make an effort to still make your payments, and that you are prepared to document each and every statement that is made to your lender.

How tough is it to get a Loan Modification?

In most cases it is very difficult to wrestle a loan modification from your lender.  Often, homeowners will have to wait hours on hold, and be transferred from department to department.  Even Congresswoman Maxine Waters could not get anywhere in helping homeowners after over two hours on the phone with Bank of America and Countrywide.  It is a painful, arduous ordeal that takes time, and even after a good deal of time is spent on getting the loan modification, if you do not fit your lender’s guidelines exactly, you will not be granted a loan modification.

Who do you recommend for HELP!?

ModificationZoom can connect you with an attorney that will guarantee a loan modification that will put you in a better financial position.  Contact us at (866) 760-9099, or complete the quick-qual form on our website.  Our attorney’s know loss mitigation, and know the guidelines that will get you a successful mortgage loan modification, and will negotiate the very best terms that they can for you.

American homeowners are in desperate need of mortgage loan modification to prevent what seems to be inevitable foreclosure on their homes. Sadly, most lenders are not moving rapidly enough to help borrowers that are late or going to be late on their mortgage payments.

If you are a homeowner that is facing foreclosure or can benefit from a mortgage loan modification – a lower interest rate, payment, and possibly even a lower mortgage balance, the onus is upon you / your representation to contact your lender and present an effective, qualified package that will guarantee you a loan modification.

It’s becoming more and more apparent that lenders simply are not proactive enough in reaching out to homeowners that are missing mortgage payments, and with so many homeowners re-defaulting (missing payments and losing their homes) after getting loan modifications, it’s quite apparent that a good deal of the loan workouts that these lenders are granting simply aren’t aggressive enough to truly help.

Homeowners that engage the services of reputable, knowledgeable Loss Mitigation Attorneys receive a much higher success rate on loan modification, and typically get much, much better results – lower interest rates, better loan terms, etc.

The Treasury Department performed a report on how quickly mortgage banks are helping borrowers experiencing financial hardship under the Home Affordable Modification Program (HAMP), the Obama Administration’s foreclosure-prevention plan.

The Treasury Department’s report clearly showed that there is a huge variance of how quickly and effectively lenders are helping homeowners through a Making Home Affordable loan modification.

To date, over 400,000 homeowners have been offered help to save their homes and avoid foreclosure through Obama’s Loan Modification Program. More than 235,000 of these borrowers are at least 60 days past due and have begun a trial mortgage loan modification, which is the first step to getting a loan workout.

According to the Treasury Report, JP Morgan Chase & Co. has put the most homeowners into trial loan modifications, with approximately 79,000 borrowers participating, or approximately 20% of their clients that are 60 days or more past due.

Completely behind the curve, Bank of America has only begun trial modifications for 4% of their clients that are 60 days or more delinquent or approximately 28,000 borrowers. Wells Fargo also has only 6% of their neediest homeowners in trial loan modifications.

Under the Home Affordable Modification Program, borrowers do not necessarily have to be late on their mortgage payments. Often, mortgage companies will begin trial loan modifications prior to receiving any income documentation from the clients. Subsequently, if a trial loan modification fails, most likely it will be reworked to help the homeowner afford their monthly mortgage payments.

During the trial modification, borrowers must document their income and make the new, lower payments on time to qualify for the final loan modification.

Information on the Treasury Department’s Report has been released in an effort to make lenders more accountable. Often in the past, lenders would not give the reasons why a homeowner did not qualify for a mortgage loan modification, however, now, they are required to disclose that information.

Making Home Affordable offers lenders incentives to mortgage banks, servicers, and investors to reduce loan payments and grant loan modifications. The Obama Administration is calling on banks to increase the number of trial loan modifications to 500,000 by November 1.

According to the Wall Street Journal, Administration officials have said the program could ultimately help as many as three to four million homeowners. Interestingly enough, President Obama has been quoted many times clearly stating at the beginnings of Making Home Affordable that the goal is to help between eight and nine million homeowners.

Professor Anthony Sanders of George Mason University, a highly respected expert on real estate, said government officials should focus on the success rate for loan workouts, not the number being done.

The conclusion that can be drawn from all this is that not nearly enough is being done by lenders. A lender should not get a pat on the back for having 20% of their delinquent clients receiving trial loan modifications; this means that 80% of their 60 day+ past due clients have not received any sort of trial loan modification.

Borrowers still often have to wait hours and hours to speak with a bank representative, and often are not helped in any way. For a guaranteed no headache aggressive loan workout, the best thing to do has always been and will always be to hire an attorney.

Save My Home

ModificationZoom’s Contract Attorneys can help you get a mortgage loan modification that will lower your interest rate and monthly payments, as well as prevent foreclosure and save your home. Complete an application today and get a guaranteed loan modification by filling out the form to the right.

Loan Modification- the term has been thrown around quite liberally as of late in the media, and most likely if you are visiting our website you have a good idea of what a mortgage loan modification is. Lately, much effort has been made by the Obama Administration as well as many lenders to help homeowners that can no longer afford their mortgage payments.

Through the latest Government Initiative, Obama’s Home Affordable Modification Program – HAMP (the loan modification option of Making Home Affordable) approximately 235,000 mortgages have been modified.  While this is a great and laudable effort, we are nowhere close to helping the initiative goal of 8-9 million homeowners.  Totaling the first two quarters of 2009, there have been over 1.8 million foreclosures.

These are our neighbors, families, and friends that are losing there homes.  It is simply unnaceptable, and thankfully this appears to be the stance of the Obama Adminsitration, HUD, and the Treasury Department, as they have put an increasing amount of pressure on lenders to modify mortgages.  Lenders that are not helping homeowners, or have bad lending practices, are being investigate through a joint effort of the FTC, FBI, and multifarious pro-active State Attorney Generals.  Lets chalk up one point for Government (and minus 4 points for the banks)!

I came across an interesting article on Business Week by Elise Craig addressing the problem, and what exactly is being done to stop it:

With unemployment projected to continue rising, leaving more homeowners without jobs and unable to meet their mortgage payments, Congress can expect an earful from constituents about what it’s doing to stem the tide of foreclosures.

Against this backdrop, the Obama Administration on Aug. 4 unveiled an optimistic report on its signature foreclosure initiative: Mortgage companies have offered to adjust more than 406,500 loans under the Making Home Affordable program, and have actually modified more than 235,000. The Treasury Dept. lauded the program’s “rapid progress,” saying that it “puts the program on track to offer” modifications to 3 million to 4 million homeowners over the next few years, encouraging news for homeowners seeking to keep a roof over their heads.

That’s an impressive start for a months-old program, if not the dramatic success many would have liked, analysts said. “The numbers are really good,” says Jaret Seiberg, a policy analyst for Concept Capital’s Washington Research Group. “This is a classic instance where reality and perception collide in Washington and disappoint everyone.”

Some Shortcoming Acknowledged

Although the program has made fast progress, the mortgage modifications are dwarfed by the 1.8 million foreclosures already tallied in the first half of this year by Equifax (EFX) and Moody’s Economy.com, and by projections for 3 million to 4 million foreclosures over two years. Not exactly good news for lawmakers to bring home to voters during a summer recess.

John Taylor, head of the National Community Reinvestment Coalition, a network of housing advocacy groups, said that while he’s encouraged to see the modifications, he isn’t convinced it will make much difference in the economy. “To the extent that people are hoping it will eradicate contributions to the recession [from foreclosures], we’ve got to see more significant numbers,” Taylor says. Dan Clifton, a Washington policy analyst for Strategas Research, says loan modifications to date are “on a scale that’s way too small to impact home prices.”

Treasury acknowledged some shortcomings in its program—among servicers, there has been “uneven ramp-up and substantial variation in the pace of modifications,” the agency said. The numbers show that a half-dozen servicers have modified between 19% and 25% of the mortgages they handle, while many others have modified just 6% or less. Some banks that accepted TARP funds—Wells Fargo (WFC), Bank of America (BAC), and Wachovia among them—fall into the latter category.
Calling for Legislative Measures

Industry officials cautioned against blaming individual companies just yet. “It’s probably too early to say who are the good guys and who are the bad guys,” says Paul Leonard, an official with the Housing Policy Council and a lobbyist for the Financial Services Roundtable, which represents large financial firms. That’s because, as the Administration built its new program, servicers had to hire staff and craft procedures to deal with modifications, which some accomplished faster than others. “You’re looking at large institutions that don’t turn on a dime,” says Andrew Jakabovics, associate director for housing and economics at the Center for American Progress, a Democratic-leaning think tank.

But industry critics have little patience for that kind of reasoning. In a blistering statement, the Center for Responsible Lending, a consumer advocacy group, dubbed the Administration’s list of mortgage companies a “Wall of Shame.” The group, like other housing and consumer advocates, is calling for legislative measures to force mortgage companies to give struggling homeowners a break.

That includes a provision that would allow judges to alter mortgages in bankruptcy court, often called “cram down” in the housing industry. In addition to forcing modifications in court, supporters say, the threat of these judicial modifications would encourage mortgage companies to make more substantial modifications to more loans. The measure passed handily in the House earlier this year despite fierce opposition from financial interests, but died in the Senate after moderate Democrats voiced concerns.

Bankruptcy Revision Is Possible

Now there are signs the measure could see new life. One senior Democratic Senate aide said party leaders in the chamber are likely to revive it this fall if another solution isn’t found soon. And last week, Representative Barney Frank (D-Mass.), the powerful chairman of the House Financial Services Committee, made a similar warning, threatening that legislation the lending industry actually wants will go nowhere in his committee until there is a “significant increase” in modifications or lawmakers tack on the bankruptcy provision.

Without a significant rise in loan modifications, Frank added, “the argument for revising the bankruptcy option will be extremely strong, and I think there is a substantial chance that the outcome will be different.”

Eventually, legislation may be put ito place the will force lenders to be more proactive about modifying mortgages for needy homeowners. In the meantime, homes are being foreclosed on at a more than alarming rates. The percentage of homeowners that actually get modifications that attempt to negotiate on their own is horrifically low, and of those that get loan modifications on their own, approximately 50% re-default on their mortgage within a year.

Lenders are not modifying enough mortgages, and are rarely stirred to action unless a reputable attorney is on the line. Even Congresswoman Maxine Waters had a 2+ hour ordeal with Countrywide / Bank of America trying to help her constituents.   This leaves many homeowners wondering, “Can I truly save my home on my own?”

If you are a homeowner facing financial hardship, it is strongly advised that you do all that you can to avoid foreclosure or bankruptcy. There are attorneys out there that can help you save your home and avoid foreclosure for a very low retainer fee. Many of these attorneys actually are almost 100% successful in negotiating loan modifications for their clients, and they understand guidelines and will play hardball to guarantee that your mortgage gets modified.

Loan Modification

If you do not know of a good Real Estate Attorney that specializes in Loss Mitigation, ModificationZoom can connect you with one; fill out the “Quick-Qual” form to the right, and a loss mitigation specialist will contact you and help you get the loan modification process started.