What are some of the key ingredients to a successful modification?
The most important thing for a loan modification in terms of success is thinking outside the box. The lenders really DO NOT want the houses, if you can give them a compelling enough reason to offer a loan modification, they will do it. We will review your file and find the best approach to present to the lender. If one scenario doesnt work, we will find another, which is another key ingredient, persistence. Continued contact with the lender ensures that the file is looked at, which is the number one thing that most people trying to do a loan modification on their own do not do. Cooperation and commitment from you are also essential, it does no good if you put together a fantastic package and you decide you cannot meet the obligations necessary to save your home.
