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Homeowner Foreclosure Prevention
Homeowner reviewing new mortgage terms paperwork with a specialist

Loan Modification

Permanently restructure your loan so the payment fits your budget again.

See If This Fits My Situation

How it works

  1. 01Document the hardshipYou submit a loss-mitigation application: hardship letter, income documents, bank statements, and a budget. Complete packages get reviewed; incomplete ones get denied — this is where most homeowners fail alone.
  2. 02Servicer reviewUnder federal servicing rules, a complete application submitted early enough generally must be reviewed before a sale can proceed. The servicer runs your numbers against investor guidelines.
  3. 03Trial periodMost approvals start with a 3-month trial plan. Make the trial payments on time and the modification becomes permanent, with arrears resolved into the new loan.

Advantages

  • Keep the home and the equity
  • Arrears resolved without a lump sum
  • Can meaningfully lower the monthly payment
  • Stops the foreclosure clock while under review (when timely and complete)

Trade-offs

  • Requires documented, stable income
  • Approval is the investor's call — never guaranteed
  • May extend the loan term (more total interest)

Best for

  • Homeowners with steady income again after a hardship
  • Payments that were affordable before a rate reset or escrow jump
  • Families who want to stay long-term
FAQ

Loan Modification questions

Does applying for a loan modification stop foreclosure?

A complete application received more than 37 days before a scheduled sale generally requires the servicer to pause foreclosure activity while it's reviewed under federal servicing rules. An incomplete application does not — completeness is everything.

How long does a loan modification take?

Expect 30 days for the completeness review and a decision window after that, then a 3-month trial plan before it becomes permanent. Start to finish, three to six months is typical.

Can I get a modification after being denied before?

Often yes — denials are frequently caused by missing documents or income that has since changed. A materially changed situation justifies a fresh application.

General information, not legal or financial advice. Results depend on your lender, loan, and state. Homeowner Foreclosure Prevention charges no upfront fees; free HUD counseling is available at 800-569-4287.

Next step

See if loan modification fits your situation

Answer a few quick questions and a specialist will rank every option for your exact circumstances — this one included.

  • Foreclosure specialists, no pressure
  • Every option explained in plain English
  • Free consultation — no upfront fees

See your options

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Homeowner reviews

Trusted by homeowners like you

Real stories from families we've helped face foreclosure with a plan.

“They explained every option without pressuring me toward any of them. First time in months I felt in control.”
JJessica T.Homeowner · TX
“Three months behind and panicking. The specialist got my servicer on a modification review within the week.”
VVictoria L.Homeowner · FL
“I finally understood what the letters from the bank actually meant. Plain English, real deadlines, real options.”
BBradley O.Homeowner · CO
“The consultation was actually free — no upfront fees, no bait and switch. Just straight answers.”
SShannon M.Homeowner · AZ
“We kept the house. Payment came down, missed payments moved to the back of the loan. Life-changing.”
JJose R.Homeowner · CA
“I chose to sell, and they helped me do it on my schedule instead of the auction's. Kept my equity.”
MMarcus D.Homeowner · GA
“Had an auction date 5 weeks out and still found a path. Don't assume it's too late — call.”
PPriya N.Homeowner · NY
“After my husband's surgery we fell behind fast. Forbearance gave us room to breathe and catch up.”
KKaren S.Homeowner · NC
“No judgment, no scripts. They'd clearly helped a hundred people in my exact situation.”
TTom B.Homeowner · OH
“The repayment plan let us catch up a little each month. No lump sum, no losing the house.”
AAisha R.Homeowner · IL
“One phone call replaced weeks of panic-googling. I knew my state's timeline and my real deadlines.”
DDaniel K.Homeowner · WA
“They answered on a Saturday and treated it like the emergency it felt like. Forever grateful.”
EEthan W.Homeowner · MI
“They explained every option without pressuring me toward any of them. First time in months I felt in control.”
JJessica T.Homeowner · TX
“Three months behind and panicking. The specialist got my servicer on a modification review within the week.”
VVictoria L.Homeowner · FL
“I finally understood what the letters from the bank actually meant. Plain English, real deadlines, real options.”
BBradley O.Homeowner · CO
“The consultation was actually free — no upfront fees, no bait and switch. Just straight answers.”
SShannon M.Homeowner · AZ
“We kept the house. Payment came down, missed payments moved to the back of the loan. Life-changing.”
JJose R.Homeowner · CA
“I chose to sell, and they helped me do it on my schedule instead of the auction's. Kept my equity.”
MMarcus D.Homeowner · GA
“Had an auction date 5 weeks out and still found a path. Don't assume it's too late — call.”
PPriya N.Homeowner · NY
“After my husband's surgery we fell behind fast. Forbearance gave us room to breathe and catch up.”
KKaren S.Homeowner · NC
“No judgment, no scripts. They'd clearly helped a hundred people in my exact situation.”
TTom B.Homeowner · OH
“The repayment plan let us catch up a little each month. No lump sum, no losing the house.”
AAisha R.Homeowner · IL
“One phone call replaced weeks of panic-googling. I knew my state's timeline and my real deadlines.”
DDaniel K.Homeowner · WA
“They answered on a Saturday and treated it like the emergency it felt like. Forever grateful.”
EEthan W.Homeowner · MI
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