PHH Loan Modification Process
Homeowners facing serious financial troubles, and at risk of losing their home, have the option of applying for a PHH loan modification to save their home. PHH has an aggressive loan modification process which services those in greatest need first, followed by consumers with less demanding financial problems.
To apply for a PHH loan modification you must submit a Letter of Hardship to the company and request a loan modification packet. In this letter you must explain in full detail why you are in a financial crisis and cannot make your mortgage payments at their current payment structure.PHH may chose to lower interest rates, convert an adjustable rate loan into a fixed rate or reduce the balance of the mortgage principal.
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
Not sure if Loan Modification is right for you? Find out about additional debt solutions offered by AttorneysForConsumers.com
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