Loan mod frequently asked questions Anaheim California

Loan mod frequently asked questions Anaheim California

Hello folks, a lot of you are concern about what steps, activities, requirements are necessary to do a loan modification, we have heard that a lot of people don't qualify for it, why?

let's keep in mind that all loan matters are and will be always subject to the final investor approval.

Who is your investor?

Your investor is in few words the owner of your note, the owner of your loan. this person or corporation is not necessarily the financial insitution you see in your montlhy mortgage statement, this could be just a servicer.

For example: if your monthly mortgage statement displays the ABC Mortage Inc. this could be only the servicer not the actual investor, if you are doing a modification or negociation a short sale, both types of transactions are subject to your investor approval.

To see more questions and answers about loan modification visit

http://www.nls.gov/offices/hsg/sfh/nsc/faqlm.cfm

Remember, I'm always here to help and assist you in your real estate matters\

Sincerely

Carlos Morales

www.carlmorales.com www.orangecountycashortsale.com