Suntrust Loan Modification - Waiting to Hear From the Bank

Do you have a home mortgage in default at SunTrust? If you do, you may be glad to know that they are participating in the Making Home Affordable Program that President Obama instituted in his first year of office through the Stimulus Bill. You may qualify for a SunTrust Loan Modification to get your mortgage straightened out.

When you are fighting to save your house, you don't sleep well. You toss and turn, wondering what to do and how to find help. All the while, you are amassing more and more back payments, late fees, and penalties. You lose your appetite, and it's hard to keep your mind on your job. After sitting down with the folks at SunTrust, you feel more hopeful about your situation.

After you apply for a mortgage modification, what happens? You will have to wait for several weeks to hear that you have been accepted into the program and will be allotted a trial period. This trial period will likely be for 90 days. It may seem forever that you must wait to hear which direction you are going with your housing issues.

During this waiting time, it may be a good idea to be examining all the other options in the event that the SunTrust Modification does not come through. There are several government programs you want to exhaust before you give up on assistance. One program even helps displaced homeowners with some money to help with moving and getting established in another place. While you wait, you need to be studying all the options you have available.

Must Know Mortgage Modification Facts

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