Did you fail to get a loan modification? Here are the Two Biggest Reasons People Don’t Get Loan Modifications and how to avoid them.
Reason 1. The single biggest reason people fail to get a loan modification is: they don’t submit all of the documents requested. You must submit all of the documents requested.
Reason 2. The second biggest reason people fail to get a loan modification is: they’re not submitting the documents in a format that the bank accepts; they are very specific in the way that they require you to send in documents.
Don’t Fall Into The Trap.
Don’t want to fail to get a loan modification? Don’t make these two mistakes.
We suggest you submit everything at one time and don’t leave anything out to submit later. Also, when the bank advises you that something is missing or outdated, submit what they ask for right away – don’t wait. This will save you an enormous amount of aggravation and frustration. Most, if not all of the documents the bank is requesting must be the most up-to-date version of the document that is available. If it is June and the bank asks for the 3 most recent bank statements, submit statements for April, May and June rather than March, April, and May.
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