How Do I Keep My Home?

FREE Loan Modification Program courtesy of the Kelly Cook Real Estate Group

At the Kelly Cook Real Estate Group, we are committed to helping homeowners find alternatives to foreclosure.  No matter if you’re just starting the process of searching for answers or you already have 12 monthly mortgage late/missed payments, we can help.

We have developed a Loan Modification Program, valued at $199, which we will be happy to send to you at no charge just for filling out your information below.  This will get you started on the right track when attempting a loan modification with your lender, whether it is via a traditional loan modification or through the government’s HARP 2.0 loan modification program that makes its debut on March 17, 2012.  For more information on the HARP 2.0 loan modification program and how it works, please fill out the form below and we will contact you immediately. 

The modification program includes Forms, Hardship Letter guidelines, and an overall checklist that will help you organize all of the documents and information that you will have to provide to your lender.  It is very important to provide all the information that they ask for and disclose any information to your lender describing your current circumstances.  Your Hardship Letter is your time to shine and to really tell your lender why they need to help you.  Be honest about your financial situation and any challenges you are facing.  With a loan modification, your bank will want to know the timeframe of your hardship and how long you expect this hardship to continue.  Why?  Because they want assurances that if they modify your loan, you will still be able to timely make those new payments and not go into default in the future.

Once I Have All Of My Information Compiled, What Is My Next Step?

You will want to call your lender and find out the specific way they want the information sent in, and be sure to get the specific number to that department and save it in your file for easy access.  Be sure to include your loan number on every single page that you email or fax in.  Once everything is sent in, we recommend that you call into your lender at least once a week to ensure they are actively working on your file.  We also highly recommend that you keep a very detailed log of when you called, the time you called, who you spoke with, and all that was discussed.  Over time, the lender will hopefully agree to your request in modifying the terms of your promissory note.

What Can I Do If My Lender Does Not Give Me The Modification Terms I Requested?

This happens many times when dealing with a loan modification and can be very frustrating.  It can be difficult to get a “rate and term” modification, but is extremely more difficult to get a principle reduction on your loan balance.  This is very rare and many times just the opposite will happen, as your lender may choose to tack on any unpaid original principle on the back-end of your loan balance.  If this happens to you, please contact Kelly Cook and the Kelly Cook Real Estate Group as your trusted real estate advisor to discuss the short sale process as in our humble opinion, this is truly the best option to get out from under your mortgage debt… And there is NO COST to you whatsoever to transact a short sale!

Download Our Loan Mod Package


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