You can still qualify for a loan modification if you are behind on your mortgage payments. In some cases it is easier to qualify if you are behind. If your bank or lender feels that modifying your loan will keep you in your home and save them from a costly foreclosure, it makes more sense to modify. When our negotiators prove to your bank that you can afford a modified payment, they are likely to modify your loan.

Our negotiators can negotiate to lower the delinquent payment amount as well (special forbearance). The amount that you are behind on your mortgage payments could be fully or partially forgiven, the rest can be added to the loan balance while the lower interest rate will offset the difference.

Forbearance is approved reduction or suspension of payments.

• Must qualify for alternative loss mitigation option or be able to make loan “current” at end of forbearance period.
• This is the only option that can allow for an unbalanced budget.