You could be wasting time and effort while closing in on foreclosure. Unless all the requirements to qualify for Loan Modification are met, your loan modification application can be rejected.

Seven out of ten loan modifications have or will fail! Loan modifications fail for several reasons: loss of income, previous late mortgage payments, debt to income ratios being too high to qualify for the new loan terms, and others.

Often a homeowner in distress will call just as his or her loan modification application is denied. Many times there is just not enough time to list, market and obtain an offer prior to the foreclosure sale date. The foreclosure process does not pause during a loan modification attempt. With enough time we can list, market, and obtain offers, (usually in line with market value), and the lender may postpone your trustee sale date.