Educational Resources

Obtain­ing a mort­gage loan mod­i­fi­ca­tion can often be a dif­fi­cult and con­fus­ing process.  Accord­ingly, we strongly rec­om­mend that home­own­ers secure proven legal rep­re­sen­ta­tion when it comes to mort­gage loan mod­i­fi­ca­tion.  Listed below, you will find links to some use­ful infor­ma­tion we have com­piled regard­ing how to best deal with your finan­cial insti­tu­tion to increase your chances of suc­cess in obtain­ing a loan modification.  We hope you find the infor­ma­tion useful.   (The links are listed in the rec­om­mended order of read­ing.)    

Edu­ca­tional Resources Table of Contents

Choos­ing a Mort­gage Mit­i­ga­tion Firm

Fore­clo­sure or Loan Mod­i­fi­ca­tion? 

Know Your Rights

Loan Mod­i­fi­ca­tion Facts & Fic­tion 

Mort­gage Mit­i­ga­tion Do’s and Don’ts 

Fore­clo­sure Process 

Fore­clo­sure Time­line 

Types of Loan Workouts

Apply­ing for a Loan Work­out

Prepar­ing a Hard­ship Let­ter 

Home­owner Afford­abil­ity and Sta­bil­ity Plan (HASP)

Home Afford­able Mod­i­fi­ca­tion Pro­gram (HAMP)

Help for Unem­ployed Borrowers

What is a Short Sale?

Com­mon Fore­clo­sure and Mort­gage Terminology