As a HUD approved non profit housing counseling agency, we NEVER advise homeowners stop making their payments to see if they qualify for a short sale or modification. Everyone’s situation is different and many factors determine what kind of help is available to you.
Do I qualify for a short sale if I’m not late on my mortgage?
Contrary to common belief, you do not have to be delinquent to qualify for a short sale or loan modification. We have successfully helped many people who were still current on their mortgage, although some lenders will not work with you without proof of a hardship. Many lenders will also require that you exhaust all other options (ie. loan modification, forbearance, etc.) as a prerequisite for a short sale package.
At NPHS, you can pre-qualify for a loan modification based on your lender’s specific eligibility guidelines – at NO COST to you! Simply follow the instructions provided, completing all fields within the secure application, and our probability meter will deliver your results and probability of getting a loan modification approval based on your current financial situation. To help increase your probability, the system will also provide proven tips and instructions you can use to improve your chances. Once you have made all the recommended adjustments, your submission-ready packages is ready to print and fax to your counselor or direct to your lender. As an approved HUD counseling agency, we can negotiate your modification request directly with your Lender. Please contact us for more information.
Remember, at NPHS foreclosure prevention assistance is always free!
