by Upside Down Mortgage Loan Modification Expert - Dan North
Hardship Loan Modification does not need to be a long drawn out process. With the recent legislation negotiators now have enforcement lines to accelerate the Mortgage Loan Modification Process.
Lenders are now required to respond within 10 days to all correctly formatted written requests for mortgage loan modifications.
All fully completed Hardship Loan Modification submission packages (this means a submission package that has all lender required documents and forms correctly filled out and submitted as well as all HAMP required documents and forms correctly filled out and submitted) that are fully eligible for the Making Home Affordable Modification Program must be approved by the lender within 30 days of receipt of the complete package.
Fannie Mae and Freddie Mac Guidelines are mandatory and enforceable on lenders through Freddie Mac which is the enforcement arm of the US Treasury for all the Government Making Home Affordable Programs.
FHA and VA Loans now have mandatory Government Hardship Loan Modification Programs in place and negotiators have been provided a direct line with Freddie Mac and VA to accelerate mortgage loan modifications.
FasTrac Hardship Loan Modification Is Easy:
No credit qualification
Can Be delinquent on mortgage payments
Adjustable rate conversion to long term fixed
Modify interest rates as low as 2% per Making Home Affordable Guidelines
Notice of Default OK
Foreclosure Sale Date OK
Special Hardship Loan Modification Programs available for:
If you are not eligible for the Government Making Home Affordable Modification Program
Negative Amortizing Loans
Upside Down Mortgages
FasTrac Hardship Loan Modifications With Most Lenders In As Little As 30 Days
Completely fill out the FasTrac Hardship Loan Modification Pre-Qualification Form to see if you qualify.
All information is required. If a field does not apply leave blank.
Apply for California No-Upfront Fee Hardship Mortgage Modification Find out for yourself. Apply for no-upfront fee hardship loan modification even if you do not qualify for the Government Making Home Affordable Modification Program. You may qualify for a No-Upfront Fee Hardship Loan Modification. (Currently available in California)
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