Loan Modifications and Other Forms of Loss Mitigation

Do’s and Don’ts for Getting a Loan Modification

Learn what to do—and what not do—in the loan modification process.

Common Mortgage Servicer Violations in Loan Modifications

Mortgage servicing companies sometimes make serious errors when processing loan modification requests.

How to Get a Mortgage Loan Modification

If you're struggling to pay your mortgage, you might be able to lower your payments with a loan modification.

What Does “Loss Mitigation” Mean?

“Loss mitigation” is what the mortgage-servicing industry calls the process where borrowers and their loan servicer work together to avoid a foreclosure.

Why You Should Avoid Foreclosure Bailout Loans

Getting a foreclosure bailout loan might seem like an easy way to stop a foreclosure. But that money usually comes at a steep price.

How to Stop Foreclosure: Forbearance Agreement, Repayment Plan, and Loan Modification

Forbearance agreements, repayment plans, and loan modifications are different ways mortgage borrowers can avoid a foreclosure.

My bank denied my mortgage modification application in California. Can I appeal?

In most situations, you can appeal if your servicer denies your first lien loan modification application in California.

Should I Hire a Lawyer to Help With My Mortgage Modification?

Tips on when you should consider hiring an attorney to help you with a mortgage modification application.

Do I Have to Make a Lump-Sum Payment When My CARES Act Forbearance Ends?

In most cases, you don't have to make a lump-sum repayment at the end of a CARES forbearance—even if your loan servicer tells you otherwise.

How to Stop Foreclosure: Forbearance Agreement, Repayment Plan, and Loan Modification

Forbearance agreements, repayment plans, and loan modifications are different ways mortgage borrowers can avoid a foreclosure.

Mortgage Payment Deferral for Freddie Mac and Fannie Mae Mortgages

Homeowners with Fannie Mae and Freddie Mac loans have access to specific mortgage-relief options after suffering a financial hardship due to COVID-19, including payment deferral programs.