5. Understand what User Security Rules Implement
- A great borrower’s earnings
- The value of the house
- Extent owed
- Percentages getting income and costs
- More mix of these products
Within office, we trust in a professional at this stage of the process, Roberto (Bobby) Rivera. My personal customers are advised that we are designed for the fresh new legalities of processes, but I am not good mathematician. Bobby makes his life style tracking all the various modification applications regarding the lenders and Servicers and then he functions all of our calculations to apply for adjustment. Bobby try uniquely qualified. He performs nationwide possesses lectured and you can coached attorneys how exactly to properly apply for changes. At exactly the same time, over the years you will find over of several, of numerous modifications getting fund that aren’t Federally Recognized and in addition we track and save your self everything out of each amendment, so we have an idea regarding what to expect whenever we carry out a separate app having an excellent Servicer that have a specific Owner/Buyer.
Modifications are statistical formulas. The new Servicer doesn’t go through the hardship letter and a good Borrower’s document to choose if they are entitled to help.