The Arizona Home Loan Modification Process

Arizona Home Loan Modification Initial Consultation

 
The Butler Law Office will conduct preliminary consultations with every prospective client including discussion and evaluation of the client’s situation, goals, lender guidelines, and the lender negotiation process.

 

Arizona Home Loan Modification Income Evaluation

 
Butler Law Office will create an income worksheet to evaluate the Arizona Homeowners’ current sources of income and make factual recommendations for the Arizona Homeowners to better qualify for a Arizona Home Loan Modification. Various recommendations include, but are not limited to, additional sources of income, income tax withholding adjustments, and reallocation of the Arizona Homeowners’ funds for any proposed forbearance agreement.

 

Arizona Home Loan Modification Expense Evaluation

 
The Butler Law Office will create an expense budget worksheet, analyze the Arizona Homeowners’ current expenses, and make recommendations to improve budgetary cash flow in order to better qualify for a Arizona Home Loan Modification. Various recommendations include, but are not limited to, obtaining a new property tax valuation, Arizona Homeowners and auto insurance premium reduction, credit card negotiations, and creating new budgets by eliminating non essential expenditures.

 

Arizona Home Loan Modification Hardship Evaluation

 
The Butler Law Office will specifically interview the Arizona Homeowners to establish Homeowner hardship and ensure that the Arizona Homeowner meets the Lender’s criteria for hardship cases. This information will be set forth in a hardship letter acceptable to Lender.

 

Arizona Home Loan Modification Lender Evaluation

 
If Needed, The Butler Law Office will provide a due diligence analysis of the Arizona Homeowner and Lender’s relationship including review of any and all correspondence to and from Lender, the existing Lender Note, the existing Deed, a property evaluation, and a comprehensive neighborhood property evaluation.

 

Arizona Home Loan Modification Lender Authorization

 
The Butler Law Office will complete and submit a Lender’s authorization to the Lender outlining the Borrowers authorization for The Butler Law Office to negotiate a Loan Modification on the Arizona Homeowners’ behalf.

 

Arizona Home Loan Modification Lender Interview and Questionnaire

 
The Butler Law Office will contact Lender for a Arizona Home Loan Modification Interview consisting of the specific Lender guidelines and procuring a detailed Lender questionnaire.

 

Arizona Home Loan Modification Credit and Debt to Income Analysis

 
The Butler Law Office will perform a Credit Analysis and Debt to Income Analysis to determine if the Arizona Homeowners qualify for available Arizona Home Loan Modification Programs.

 

Arizona Home Loan Modification Application

 
The Butler Law Office will draft a complete client hardship letter and loan modification application package, confer with our client regarding the completed application package, and submit the package to the lender.

 

Arizona Home Loan Modification Follow-Up

 
The Butler Law Office will follow up with the Lender each week to review the progress and determine if the Lender needs additional information. If anything further is needed throughout the Arizona Home Loan Modification application period, The Butler Law Office will work with our client and the Lender to ensure the best probability that the Lender offers a final Arizona Home Loan Modification.

 

The Butler Law Office has over thirty three years of legal experience and can assist you in obtaining a loan modification to make your home more affordable!