Short Sales 1-2-3

Though a mortgage modification may sound complicated, it’s not. It just requires
completing some financial forms. It’s kind of like qualifying for a home loan in
reverse. After all, you already own the home. The time-consuming part of a loan
modification is usually just the follow up.

The first step is to call your lender. Most banks
will require you to input your loan number and social security number, so have
that information ready. Some banks are set up for the Making Home Affordable Program,
others you will be asking for the Loss Mitigation Dept.

Next, request that a Making Home Affordable loan modification package be mailed to you.
Eventually you will have a specialist or “negotiator” assigned to your file, and you
will want to get that person’s direct phone number and email address, so it’s a good idea to purchase a spiral notebook and keep it close to your telephone.