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Frequently Asked Questions
What options does a creditor have after a borrower defaults?
There are a variety of legal mechanisms by which a creditor can assert the legal right to recover an unpaid debt. LawInfo Lead Counsel qualified real estate attorneys provide quality …
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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 …
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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 …
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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 …
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What is required of me to get a loan modification? Will it cost me anything?
Generally, you must contact your loan servicer about whether your mortgage loan is eligible for a loan modification under the Homeowner Affordability and Stability Plan. You should have your …
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