Loan Modifications are fairly simple currently.

Most lenders are working under the Making Home Affordable.

This program works for most loans with the exceptions of

                 Loans over $725,000

                 Investment Properties

                 Situations where the borrowers income has dropped

                 below borrowers current debt level.

The program follows the simple guideline of

                  Gross Income multipled by 31%

                  equals new house payment

All that is needed is a hardship package, 2 current pay stubs, past two months bank statements, hardship letter, last years tax return and 4506T IRS form.

Thats it.

Wait 60-120 days and receive a yes or no answer.