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The Government MAKING HOME AFFORDABLE program requires:
- OWNER OCCUPANT WITH LOAN OF LESS THAN
$729,750 TAKEN OUT BEFORE JANUARY 1, 2009
- MORTGAGE PAYMENT (WITH TAXES, INSURANCE) THAT IS MORE THAN 31% OF
YOUR GROSS MONTHLY INCOME
- HARDSHIP IN MAKING MORTGAGE PAYMENT BECAUSE OF CHANGE IN INCOME OR EXPENSES
Even if criteria are met, a loan modification is not guaranteed.
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Christopher G. Blood, the owner of Straight Arrow Real Estate Consulting is both a licensed attorney and a licensed
real estate broker. This is the ideal skill set 1) to perform an in-depth analysis on your loan situation/hardship status
to determine if you/your loan qualifies for the Government Making Home Affordable Loan Modification Program, 2) to draft the
appropriate correspondence and assemble the package to send to your Lender, and 3) to negotiate with your Lender to get the
best loan modification possible for you.
Mr. Blood's CA law license # is 215036 and his CA real estate license
# is 01410836, both verifiable on State of California websites. Do not pursue a loan modification with anyone that is unwilling
or unable to document that they are a licensed legal professional.
The State of California no longer allows attorneys
to take retainers for loan modifications - an injustice to honest, hard-working attorneys and a hardship to consumers needing
assistance from legal professionals. Sorry!
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