I work with a number of lenders and mortgage companies from around the world. For the ones that I work with, they typically send the loan modification package directly to me. I then meet with you, at any location you choose, and we take care of the package together. Some lenders, that I don’t work with on a regular basis, may send the loan modification paperwork directly to you. It is then up to you to complete the paperwork and get it notarized.
What is a loan modification package? It is a bundle of paperwork, usually around 30 pages or so, that will alter the terms of your current loan. In most cases, you are agreeing to vary the terms of your mortgage due to a financial hardship. It’s very common for many of us to run into financial difficulties. A loan modification is an attempt by the mortgage company to work with you on getting current with them. In essence, they don’t want to foreclose on your property. If they can alter the terms to put you back on track, it’s almost always in their best interest, and yours.
If you are in the Baton Rouge area and you receive a loan modification package from your mortgage company, feel free to give me a call at 225-907-5280. I will gladly come directly to you, walk you through the package, and take care of all of the notary work in it. My goal is to complete the package correctly, and to make sure that you find the answers to any questions that you may have.
This video on YouTube that I found does a pretty good job of explaining a loan modification: Loan Modification Explained
Thank you for reading!