Florida Loan Modifications has been serving families like yourself for more than 25 years. We serve loan modifications to clients locally here in Florida and Nationwide. Please use this site as a resource to learn more about loan modifications and how they can help your family save your home from foreclosure.
The loan modification process is quite simple, once you know what to expect. You are going to be required to complete a number of steps, and the entire modification process can take upwards of 60 days, but can be completed in as little as 30 days.
It’s important to be prepared for anything that comes your way and to document every single transaction you have with your lender or bank.
How To Get a Loan Modification
Here are the steps to get a loan modification, and while the process may be slightly different based on your lender, you should use this as a guideline for the process.
1. Gather all of your documents
* Mortgage Statement (most recent for 1st and 2nd)
* Property Tax Statement (most recent)
* Homeowners Insurance Statement (most recent)
* Flood/Wind/Earthquake Insurance Statement (most recent)
* Car Loan Statement (most recent)
* Car Insurance Statement (most recent)
* Other Loan Statements (most recent)
* Credit Card Statements (most recent)
* Utility Bills (most recent water/sewage, gas/oil, telephone)
* Cell Phone Statement (most recent)
* Medical/Dental/Life Insurance Statement (most recent)
* Medical Expense Statement (most recent not covered by insurance)
* School Tuition and/or Child Care Statement (most recent)
* Bank Statements (for the last 4 periods)
* Tax Returns (for the last 2 years)
* W2’s (for the last 2 years)
* Pay Stubs (for the last 4 pay periods)
* Hardship Documents supporting your hardship (birth certificate, death certificate, medical bills, divorce papers, bankruptcy papers, etc.)
2. Create a Financial Statement & Hardship Letter
3. Prepare yourself, this is a daunting process
4. Call your bank’s loss mitigation department
5. Document all communication
6. Close the deal
