Question by leighlababy2002: What is the procedure for loan modification?
Hello,
Does anyone know what the procedure is for a loan modification in New York State? Is there a certain amount of income that you have to make to qualify? Just what are the guidelines for a loan modification & are there reasons why someone would be turned down? Also, is it better to try a work out a modification with my current mortgage company or should I seek out another lender?
Best answer:
Answer by golferwhoworks
your current lender is the only one you look to at this point in time. Just call the loss mitigation department and they will send you the required paper work to fill out to see if you qualify.
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