Maine Defaulted Loans and Workouts Lawyers

What is a loan modification, and how will it help me with my mortgage?
A loan modification occurs when a homeowner enters into an agreement with his or her mortgage loan servicer to change the terms of the mortgage. The goal of a loan modification is to … more
What are the basic eligibility requirements for a loan modification under the Homeowner Affordability and Stability Plan?
You must meet some minimum eligibility requirements in order to qualify for a loan modification under the plan: · You have to live in your home, … more
How long does it take to get a loan modification?
The length of time that it takes to get a loan modification depends greatly on how long it takes your mortgage holder to process your loan modification, as well as how long it takes you to … more
What do I need to give to my loan servicer if I am requesting a loan modification?
You are likely to need the following documents for your loan modification request: · Recent paystubs or documentation of your monthly gross … more
Will I be ineligible for a loan modification under the Homeowner Affordability and Stability Plan if I am current in my mortgage payments?
No. You may still be eligible for a loan modification under the Homeowner Affordability and Stability Plan if you are current in your mortgage payments, but you are struggling to make those … more