Loan Modification

Request an offer!		Loan Modification is THE way to go if you want to stay in your house. Call the bank holding your mortgage and explain to them why you fell behind in your mortgage payments. They know that the main reasons people fall behind is loss of job or unexpected illness. Ask them if you can modify your mortgage loan for six to nine months, give yourself enough time to catch up on your bills. They will ask you for a list of your expenses and your income. You should take a few days to go over your checkbook and credit card statements so that you have an accurate picture of your expenses. It is an interesting exercise to do anyway to get a grip on spending habits. The better prepared you are with your financial information the better your chances you have at a loan modification. Always ask the name of the person you are speaking to and note down the time you talked to them. That way, you can refer to it next time you call. If the bank agrees to the loan modification the foreclosure process stops. This is the best way out. NEXT>>
		Copyright © 2008 Robert Ward Jones. All Rights Reserved.
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