No, you do not need to be behind on your mortgage to qualify for loan modification under the Home Affordable Modification Program. Responsible borrowers who are struggling to remain current on their mortgage payments are eligible if they are at risk of imminent default, for example, because their mortgage payment has recently increased to a level that is not affordable. If you have had or anticipate a significant increase in your mortgage payment or you have had a significant reduction in income or have experienced some other hardship that makes you unable to pay your mortgage, contact your servicer. You will be required to document your income and expenses and provide evidence of the hardship or change in your circumstances. There may be other modification programs designed to assist borrowers who are delinquent.
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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified loan workout lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local loan workout attorney to discuss your specific legal situation.