| Re: I'm new here and need help
Hi frazzledma25,
Welcome to the forum and thank you for joining................
When you put together your household income versus the household expenses for a modification you would have to have a surplus of $100-$250........
Are you payments interest only?
Just keep in mind that with a modification if the lender has to make the tax payment they will set up an escrow account for the amount they paid and the current monthly tax amount........and your payment could include Principle as well............
If you are able to make these payments moving forward........and can prove the income/expenses with the surplus...........then you would need to put your hardship letter into the body of an email along with the loan number and your contact info and send it to each of the email addresses below.........you should receive a response within 48 business hours directing you on how to get started for the modification.......
Hope this helps...........
Please keep us posted on your progress...........
__________________ >Cat< Email: Cat@loansafe.org  The LoanSafe Advocacy Group™
The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. |