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Loan Modification Help With HAMP - Secrets to Getting Approved For a Loan Modification in 30 Days

President Obama has directed lenders to speed up the review process for loan mod programs under HAMP (Home Affordable Modification Program). While homeowners are struggling to avoid foreclosure, it seems most lenders where not reviewing their customers application as efficiently as they should. Finding loan modification help with HAMP has become easier due to the emergence of many online services offering their expertise for homeowners looking for help in dealing with the paperwork and dealing with their lenders.

There has been an alarming rate of failure under the HAMP program and studies have shown that this was due to the increase amount of time it was talking lenders to review and approve the applications being made by their customers who had met the requirements to file under this program. Some families complained that their lenders offer no loan modification help with HAMP and others claimed they had successfully made an application under this program but that their lender was not approving their loan mod in time for them to avoid foreclosure of their family's home.

I must advise, those of you who are not familiar with this process should find a free consultation offer and discuss your specific, individual financial circumstances with an expert who has experience dealing with the loan modification programs. Loan modification help with HAMP is available to anyone looking to be guided through the process and getting professional assistance could not only speed up the process, but also help to get your application approved. Having an expert on your side experienced enough to get your application approved and knowledgeable enough to speak to your lender on your behalf is the smartest move you could make.

President Obama has mandated that loan modification help under HAMP will now be made available and the determination of approval or denial must be made within 30 days of a lender receiving a homeowner's application. Here are some little secrets or changes that many of you may not be aware of:

  • Your lender must now offer written confirmation of the receipt of your loan modification request within 10 days.
  • Your tribal lending companies for bad credit must approve or deny your loan modification within 30 days of receipt of your completed application.
  • A 3 month trial modification will be given to qualified borrowers; at the end of the trial period the modification will automatically become permanent.
  • If your application is denied, you will be offered another option or other strategy to help you avoid the foreclosure process.

Where To Find Loan Modification Help

The loan mod process can be frustrating and overwhelming. Having a specialist on your side can greatly reduce the stress, as they do all the negotiating and paperwork on your behalf. Visit Best Loan Modification Companies [http://bestloanmodificationcompanies.org/] to learn why having a loan mod company is crucial to saving your home and and how you can get a free consultation to get all your questions and concerns answered.

Don't risk losing your home. Visit www.BestLoanModificationCompanies.org http://bestloanmodificationcompanies.org to get started.

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