For a homeowner who is going through a financially difficult time, getting behind in your monthly mortgage payments is something you do not want to do. This is why the process of loan modification has become so popular and in many cases is vital, so that a home owner can keep their home. Filling out all the paperwork and providing all of the information the bank requests can be a bit confusing though.
Mistakes made here can be the difference between ownership and foreclosure. The government and banks have said recently incorrectly filled forms are the number one reason for failure to be accepted by over a third of applications Take the time and read about some of the most common mistake people make when filing their loan modification paperwork.
1. Getting in contact with your bank too late. That’s right, getting a loan modification program can be a home … Read More