Section 2 - Loan Modification Process
Below you will find the referenced resources found in section 2 of the Do It Yourself Loan Modification Guide. If you are unable to find the resource, a link is bad, or another area of concern arises then email us with details at support@loanmodificationguideonline.com.
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Is your loan is owned by Fannie Mae or Freddie Mac?
In order to determine if your loan is owned by Fannie Mae or Freddie Mac you will need to go to their web sites and follow the simple instructions.
determine if you have a mers loan
Since there is a class action lawsuit against MERS it is quite easy to halt foreclosure activities until this class action lawsuit is finished. To determine if you have a MERS loan go here. Follow the simple instructions on their website and this will tell you if your property is a MERS loan or not. If you purchased your home over the last 8 years there is a very good chance that it is a MERS loan.
BUDGET SAMPLE DOCUMENTS
Use the example budget below as a template in creating yours.
Hardshiip Letters
The hardship letter is your time to explain the circumstances around the difficulties you are experiencing with making your current mortgage payment. Use the sample hardship letter and format below as a guide.
Notes Page (Conversation tracking worksheet)
It is very important to track your progress and the persons whom you have contacted within your bank. Use the tracking worksheet below to stay on top of your progress.