Are you struggling to make your payment on your home mortgage with SunTrust? You could possibly already be in default. You should immediately look into the possibility of a SunTrust Loan Modification under the MMaking Home Affordable Program. You could save your home, have your fees and penalties forgiven, and get a reduced house payment. Here are some ways you can increase your chances of success.
Under HAFA, short sales will be permitted if they are pre-approved before a property is listed on the market. This way, the servicers of the loans will not be able to reduce the commissions available to the hardworking professionals helping the distressed homeowners. Additionally, borrowers will be freed from future liability for the debt and there will be financial incentives created for borrowers, servicers and investors alike.
The Treasury Department has recently streamlined the paperwork involved in the loan modification process. Of course, you will need proof of income. The other information needs have been consolidated into two forms. The RMA is a form that will organize information regarding your income, expenses, other liens on the property, and liquid assets. It also includes a hardship affidavit, fraud notice, and trial period information. The other form necessary to expedite your application is the Short Form Request For Individual Tax Return Transcript. This basically gives SunTrust the authority to access a copy of your most recent income tax return.
Also, the servicer will still be able to decide on the minimum net proceeds for a short sale; however if an offer presented to the servicer by the borrower or listing broker meets the net proceeds requirement, then the servicer must accept it. This creates a beneficial environment for the selling homeowners and the potential buyers making offers.
We will teach you how to properly refinance or modify a home mortgage saving you thousands of dollars, or even your home. A lot of Greedy Mortgage Lenders will try to suck you dry if you let them. Learn the right way to refinance or modify your home loan.
Under HAFA, short sales will be permitted if they are pre-approved before a property is listed on the market. This way, the servicers of the loans will not be able to reduce the commissions available to the hardworking professionals helping the distressed homeowners. Additionally, borrowers will be freed from future liability for the debt and there will be financial incentives created for borrowers, servicers and investors alike.
The Treasury Department has recently streamlined the paperwork involved in the loan modification process. Of course, you will need proof of income. The other information needs have been consolidated into two forms. The RMA is a form that will organize information regarding your income, expenses, other liens on the property, and liquid assets. It also includes a hardship affidavit, fraud notice, and trial period information. The other form necessary to expedite your application is the Short Form Request For Individual Tax Return Transcript. This basically gives SunTrust the authority to access a copy of your most recent income tax return.
Also, the servicer will still be able to decide on the minimum net proceeds for a short sale; however if an offer presented to the servicer by the borrower or listing broker meets the net proceeds requirement, then the servicer must accept it. This creates a beneficial environment for the selling homeowners and the potential buyers making offers.
We will teach you how to properly refinance or modify a home mortgage saving you thousands of dollars, or even your home. A lot of Greedy Mortgage Lenders will try to suck you dry if you let them. Learn the right way to refinance or modify your home loan.
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