Many homeowners need loan modification help in Benicia, Ca.  They just do not know how to go about it.  Most distressed homeowners go to the Internet and search for any source of information they can.  OF course there will be advertisements and websites touting success rates for loan modifications.  The truly great aspect of the Internet is its anonymity.  Someone who is worried about making a mortgage payment now or in the future seeks unbiased facts.  They also want someone who is non judgmental about their feelings and situation.   

When the "rubber starts to meet the road", and you do need help with a loan modification in Benicia, Ca or any city you live in, please seek help from sources that are free and unbiased.  Help that is not going to collect $3500 and do something that can be done for free.  That $3500 is paying the "help" to process paper.

I suggest you check out the Making Home Affordable, this is a website that will provide you with a wealth of unbiased facts.  Also check out your mortgage website for loan modification.  The bank will let you know what is needed. Talk to your bank representative. Talk with your local Realtor who is experienced with helping distressed homeowners.  Many of us will assist you confidentially with dignity and at no cost.

The hard part for a loan modification and the steps you have to take next are the one that tax the distressed homeowner's mind.  This is not something that anyone else can do except for the homeowner.  It is pulling all the documentation together to send to the bank.  This can include your last two years of tax returns, most recent bank statements, a financial worksheet of your monthly expenses and income, and a hardship letter.  Each bank requires these items, sometimes less and sometimes more.  IF you are like me and I just recently refinanced our home, just getting all the documentation together is a hassle.  Some people are neat and tidy and can put their hands on it quickly, the majority are not and this can be seen as an arduous task to complete.

You have now spent considerable time gathering your documents, struggled with a hardship letter (which by the way an experienced Realtor can help you with) and are ready to send to the bank for your loan modification.  However it will cost an arm and a leg to mail or fax the package and your home fax machine will not handle faxing 50 pages of documentation.  and did you know there is a way to "package" your papers to make it easier for the bank to process?  Maybe get you an answer quicker?

This is not rocket science, however due diligence, being organized, and following up are keys to a successful loan modification process.  There is no guarantee the bank will approve your loan modification, but one of the strongest keys is to process the documents the way the bank requests and when they request it.

IF you are using a local experienced Realtor to help you with your loan modification in Benicia you are one step ahead and can know with confidence you are giving your best "shot" at getting a payment for your home that is more reasonable.  It is an opportunity you do not want to miss so you can live stress free in the home you want to live in.

Please know there is help out there for you at no cost.  I would rather see a homeowner live in their home and keep our neighborhoods stabilized.  At some point in time you may have to sell and it would be an honor to assist you when the time is right for YOU.  Until then, please contact Melanie Ross or your own trusted Realtor for unbiased facts about loan modifications.