Many people call me every week complaining that they have tried a loan modification on their own and the lender is unresponsive. The loan mod process is a lengthy one and requires you to wear many different hats - negotiator and homeowner. It requires you to be prepared with all of the documentation required by the lender, know how to put together the best package in your application and have hours of time available for followup and faxing!
There are many new loan programs available today and it may be possible to work out your financial problems. The key is don't wait until the wolf is at your door. Be careful of loan modification companies who charge high upfront fees and promise nothing.
Call me for the most up to date information on new loans, refinances and loan modifications.
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