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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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Denied for a Loan Modification


If you've been denied for a loan modification you probably feel discouraged and if you are behind on the payments you probably feel that you are going to lose your house.  However, being denied for a loan modification is not like being denied for a mortgage loan.  Many people get denied multiple times before they get a successful mod.  Many people also get false denial letters sent by accident.  Make sure if you get denied that you call your lender.  If they tell you that you have been denied, reapply.  Continue to reapply until there is absolutely no other option.  Remember, it is your house, and these lenders make mistakes all the time.


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