Civil Mortgage Loan Fraud FAQs

• Q: What options does a creditor have after a borrower defaults?
  A: There are a variety of legal mechanisms by which a creditor can assert the legal right to recover an unpaid debt.  LawInfo Lead Counsel qualified real … More
• Q: What is a loan modification, and how will it help me with my mortgage?
  A:   A loan modification occurs when a homeowner enters into an agreement with his or her mortgage loan servicer to change the terms of the mortgage. The goal … More
• Q: What do I need to give to my loan servicer if I am requesting a loan modification?
  A: You are likely to need the following documents for your loan modification request: ·         Recent paystubs or … More
• Q: Will I be ineligible for a loan modification under the Homeowner Affordability and Stability Plan if I am current in my mortgage payments?
  A: No. You may still be eligible for a loan modification under the Homeowner Affordability and Stability Plan if you are current in your mortgage payments, but you are … More
• Q: What is required of me to get a loan modification? Will it cost me anything?
  A: Generally, you must contact your loan servicer about whether your mortgage loan is eligible for a loan modification under the Homeowner Affordability and Stability … More
• Q: Does a loan modification reduce the amount of money that I owe on my mortgage loan?
  A: Not usually.  Most loan modification programs just changes the terms of your loan, not the amount that you owe. However, if you successfully … More