Loan Modification qualification

Hi Siko,

He should. Check out the special Loan Mod page by the Federal government, done by and through the 2009 Stimulus package. For more information, check out the FTC's page on Mortgages on their Money Matters website.

Hope this helps.

Hi Siko...yes. he should qualify. Also, contact the mortgage company immediately and notify them of the situation.

is it advisable to get a lawyer or deal with the lender directly when facing a foreclosure?

That depends on the circumstances. Have you tried loan mods first? Check out the links I posted above.

It depends. When was the foreclosure filed? Loan mods can take some time to complete. I always recommend dealing with the lender first. But if you have a sale date for your property you might want to work directly with an attorney.

Also check out naca.com

They might be able to help you.

Before I have my loan modification I ask an advise from Atty. Marc Tow he was my lawyer for my loan modification and luckily it was modified good.