To qualify for a mod you have to:
have an income
legitimate hardship
you don't have to be late on payments to qualify
It is important to know how to negotiate. Every lender has different guidelines.
Calling your lender is a big waste of time . They are overwhelmed with the current situation. Your lender has their best interest in mind, so don't expect any favors.
Working with a third party will help you understand the process and what you can expect.
Edited by Alex11 (07/06/09 01:51 PM)