Mortgage Modification & Mortgage Loan Modification

There is a lot of questionable information floating around with regard to mortgage modification.  Most of this information is being provided by people and companies who hope to profit from the current mortgage loan crisis and want to charge people large fees to negotiate modification of their mortgages.

Talk to your lender and ask for the loss mitigation department.

Look in your local area for Foreclosure Prevention Seminars or Foreclosure Prevention Workshops.

You want to look at events that are involved with the HOPE program and Hope for Homeowners and similar programs.

Community Information & Referral runs a state-wide foreclosure prevention hotline in Arizona under the sponsorship of the Arizona Department of Housing. Callers are put in touch with a HUD Certified Foreclosure Counselor.

In Arizona, the number to call is 877-448-1211.  Outside of Arizona call 888-995-HOPE. provides news about foreclosure prevention efforts in the state of Arizona. This is the website of Governor Janet Napolitanos Arizona Foreclosure Prevention Task Force, and is sponsored and supported by two of my companies.

Thursday night, there was a foreclosure prevention workshop in Glendale Arizona and hundreds of people were helped. I heard one of the 20+ lenders who had a team there say that she had helped over 90 people begin the process of modifying their loans that night.

Loan Modification - Frequently Asked Questions from the Department of Housing and Urban Development - HUD

A Loan Modification is a permanent change in one or more of the terms of a mortgagors loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford.

Loan Modification Frequently Asked Questions - HUD

Bill Austin
Source: Mortgage Loan Modification

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