If you are debating whether you need a loan modification, here are the top 15 signs that the time has come:
The bank is hesitant to foreclose due to the costs of moving your government cheese.
You send your mortgage payment in food stamps and they bounce.
When your lender asks how long until you can make another payment, you ask the jail guard how long until your next parole hearing.
When the lender asks you to send proof of your financial distress, you take out another loan just to send the documents, and default on that one also.
When the lender asks you to send proof of your financial distress, you have to rent a Uhaul.
In order to make your loan payment, you start reading up on the ways of the Amish.
Your lender’s credit score actually falls just for talking to you.
Your lender urges its employees to avoid all contact with you to protect their stock price.
When your lender offers to cut your monthly payment in half, you cross a few blood banks off your list.
When your lender demands payment, you attempt to get a loan from a blood bank.
You have a look of surprise on your face when told that your loan balance is supposed to go down over time.
Your interest rate looks more like a temperature in Death Valley.
Before speaking to your lender in person, you ask them if they can waive the no shirt, no shoes, no service policy.
You have spent so much time talking to your lender’s loan modification department that you are now Facebook friends.
When an employee looks at your loan balance and the value of your home, he asks “Am I being Punk’d?”
By John Benson