Zillow Advice: Loan Modifications - My mother is in need of some help on a Loan Modification of sort. http://www.zillow.com/advice-thread/My-mother-is-in-need-of-some-help-on-a-Loan-Modification-of-sort/470799/ Zillow Advice | Zillow Real Estate Did your mom purchase her ... http://www.zillow.com/advice-thread/My-mother-is-in-need-of-some-help-on-a-Loan-Modification-of-sort/470799/ Did your mom purchase her home on or before January 1, 2009?&nbsp;[Promotion and phone removed by Zillow moderator. Please see our Good Neighbor Policy.] Mon, 01 Apr 2013 00:32:00 GMT http://www.zillow.com/advice-thread/My-mother-is-in-need-of-some-help-on-a-Loan-Modification-of-sort/470799/ 2013-04-01T00:32:00Z Has your mother contacted ... http://www.zillow.com/advice-thread/My-mother-is-in-need-of-some-help-on-a-Loan-Modification-of-sort/470799/ Has your mother contacted an attorney or local housing non-profit to see if they can help her negotiate some sort of loan modification?&nbsp; How much does she receive on her fixed income?&nbsp; Has the payment adjusted so much that her housing payment (including taxes and insurance) is more than 31% of her gross monthly income?&nbsp; Is the home upside down because of the drop in values or because your mom was given a negative amortization loan (where the principal balance increases instead of decreases)? Is the loan still adjusting and how often?<br/><br/>These are all important questions and the answers will indicate whether or not your mother is eligible for a loan modification.&nbsp; Again, start by gathering a copy of the loan documents and have them reviewed by an attorney or housing counselor.&nbsp; HUD has a list of resources available at <br/><a href="http://www.makinghomeaffordable.gov/Pages/homeowners_hopehotline.aspx?gclid=CN6evafLqrQCFQmCQgodPjIAOw" rel="nofollow">http://www.makinghomeaffordable.gov/Pages/homeowners_hopehotline.aspx?gclid=CN6evafLqrQCFQmCQgodPjIAOw</a> Fri, 21 Dec 2012 03:49:00 GMT http://www.zillow.com/advice-thread/My-mother-is-in-need-of-some-help-on-a-Loan-Modification-of-sort/470799/ 2012-12-21T03:49:00Z Wow! That is a tough situation. ... http://www.zillow.com/advice-thread/My-mother-is-in-need-of-some-help-on-a-Loan-Modification-of-sort/470799/ Wow! That is a tough situation. You need to find a local mortgage broker or real estate agent that works short sales.&nbsp; Sun, 09 Dec 2012 06:07:00 GMT http://www.zillow.com/advice-thread/My-mother-is-in-need-of-some-help-on-a-Loan-Modification-of-sort/470799/ 2012-12-09T06:07:00Z