B.F. Saul Mortgage Modification Process
As one of the leading sub-prime lenders, B.F. Saul Mortgage has had to implement a loan modification process to help distressed home owners avoid foreclosure. The B.F. Saul mortgage modification program requires distressed home owners to complete a loan modification packet, including a Letter of Hardship stating why they need their loan modified.
Because of the types of loans that B.F. Saul services, the loan modification process is usually handled swiftly. On average, home owners will be approved for the B.F. Saul mortgage modification program in less than two months.
If circumstances prevent the home owner from qualifying for the loan modification program, B.F. Saul also participates in the Property Relief Program. This program will help home owners refinance their home through other means. However, they encourage home owners to use the loan modification process first.
Keep or Sell Your Home?
Not qualified or dont want to stay in your home? We can link you with a short sale specialist for a quick sale.
Other Debt Solutions
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