UCONN Home Loan Modification Program

Industry News

Please be sure to submit photocopies of your documents—DO NOT send originals. A successful community is the result of having individuals that become experts in different subjects, fields, and disciplines that use their expertise for the benefit of the rest of the community. Let a HUD-approved housing counselor help you understand your options, prepare your application, and work with your mortgage company. The Homeowner Affordability and Stability Plan, a $75 billion dollar federal program, provides for a sweeping loan modification program targeted at borrowers who are at risk of foreclosure because their incomes are not sufficient to make their mortgage payments.

In this way, not everyone has to become an expert in everything. Since the mortgage crisis took flight, “loan modification programs” have become all the rage. Just because you qualify for MHA (HAMP) and/or 2MP does not mean the lender is going to give you a permanent mod.

If you successfully make your Trial Period Plan payments during the trial period, complete housing counseling if required and return any additional required documentation, you will be approved for a permanent modification of your loan. If we cannot find a modification option that works with your budget, you may need to consider options that involve leaving your house.

University of NYC
70 Washington Sq.
New York, NY 10012