- An effective borrower’s income
- The worth of the property
- Extent owed
- Ratios to possess income and you will expenditures
- Additional mix of these types of factors
In our office, we rely upon a professional at this time of process, Roberto (Bobby) Rivera. My personal clients are advised which i can handle the brand new legal aspects of your processes, but I am not an effective mathematician. Bobby tends to make his life tracking all the various amendment apps out of the lenders and you will Servicers and then he work all of our calculations to try to get improvement. Bobby is exclusively accredited. The guy works nationwide and it has lectured and you can taught solicitors just how to safely apply for modifications. As well, typically you will find over of many, of a lot changes to possess money which are not Federally Supported and we also track and you can save yourself all the info regarding for every amendment, therefore we have a good idea from what to anticipate when we perform another app to possess a good Servicer with a certain Owner/Individual. Continue reading
