Not likely, but maybe.
The official statistics on mortgage loan modifications for the last quarter of 2008 have been released y the Office of the Comptroller of the Currency and Office of Thrift Supervision. Not a rosy picture.
First, have all your ducks in a row, meaning, pay stubs, tax returns, anything you have in writing on the current value of your home.
Also, documentation of your expenses, copies of utility bills.
This may well be more than you were asked to provide when you first got the mortgage.
But many of the problems I have blogged about stand in the way of the mortgage company doing a loan modification.
Robin Sidel has some specifics of loan modification successes and failures in the Wall Street Journal.
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