It seems so simple that your lender would want to agree to a loan modification with you to avoid all of the potential pitfalls. They would save, along with you, in the court costs of a foreclosure or the general embarrassment and financial loss of an auction to sell your home. But why is it estimated that only 4% of all mortgage modifications are being approved for permanent help?

1. Loan modifications paperwork is being routinely lost by the lender during the review process, which either delays or a failed modification result. This type of activity can be potentially eliminated by enlisting the assistance of an attorney to assist you in your loan modification. You can start over.
2. The phone calls that you leave for your lender to help you proceed in your mortgage modification are not returned. This can lead to the termination of negotiations and result in another failure. Again, with the help of an attorney you can stay on top of your lender to get the best possible service.
3. When your loan modification is rejected and there is no valid reason given as to why by the bank, you do have options. When you retain an attorney to help you through this process you will get a reason for the denial or the lender may have to suffer the consequences.

Don’t let a failed loan modification attempt end in the loss of your home. You may have options to save your home for you & your family. Don’t waste any more time worrying about how to get your bank to approve the modification of your mortgage, contact the experts today by phone at 813-612-5697 or 877-246-4486 or by email at sales@tsherwoodlaw.com.

Tags: loan modification fail, loan modification failed, loan modification failure

This entry was posted on Friday, March 5th, 2010 at 11:42 pm and is filed under Loan Modification Info. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.