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Mortgage Modification Plan Guidelines

Mortgage Modification Plan Guidelines
The Obama administration generated a simplified loan modification program that aims to reduce homeowner’s monthly mortgage payments based on their monthly gross income. There are two types of programs under Obama’s plan: The Home Affordable Modification Program and Home Affordable Refinance Program for mortgage refinancing.
How will Obama’s Loan Modification Plan Work?

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Mortgage Modification

Mortgage Modification

Question: How long should it take for a mortgage modification application to be processed. Its been 2 months and no word?

I am dealing directly with Countrywide as they are the mortgage holder.

Answer: Depends on what you want modified…..it they really want to, they can do it in a week…..but nowadays…you probably need to be [...]

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