Strategic Default Monitor – How To Strategically Default

Thursday, December 10, 2015

How to Prevent Loan Modification Denial

Strategies to Prevent Loan Modification Denial:


As the borrower, you must be involved in the loan modification process at every stage of the process. The #1 reason for a loan modification denial is the lenders claiming that you did not send complete and accurate documentation in a timely fashion. You must keep detailed and organized records of all communications to and from the lender to prove you provided the lender with all of the documents required for a loan modification application. You must always keep in mind the following strategies to prevent a loan modification denial.