| Ocwen Financial is approved by the Treasury | | | | your property taxes, homeowners insurance and any |
| Department to offer streamlined loan modification | | | | homeowners dues in your calculation) |
| approvals for homeowners who can meet the basic | | | | 3. Face a financial hardship due to less income and/or |
| eligibility requirements. If you are in trouble with your | | | | greater expenses? |
| mortgage payments, then you do not have time to | | | | 4. Have a loan that was taken out before January 1, |
| waste. Learn the requirements to qualify for this fast | | | | 2009 and is less than $729,750? |
| and standardized plan so that you can get the help | | | | If you passed those questions, then you are onto |
| you need and deserve. | | | | step 2 of the streamlined loan modification program. |
| Ocwen will be paid a cash incentive for each | | | | The next step is actually completing the paperwork |
| mortgage modified using the federal plan. This means | | | | and providing proof of your income. This is where it |
| that the bank is motivated to help as many | | | | gets serious-remember that the information you |
| borrowers as possible avoid foreclosure. The only | | | | provide to Ocwen will determine whether you qualify |
| thing you need to do is to make sure you complete | | | | or not. That is why it is so important to learn about |
| the application paperwork correctly so that you have | | | | how to complete your application correctly so that |
| the best chance of meeting the approval guidelines. | | | | you meet and guidelines and get that quick approval. |
| It's simple-once you understand what Ocwen needs | | | | Taking a couple of hours to learn about the loan |
| to see from you then you can fine tune your | | | | modification process and understanding how to make |
| paperwork so that it fits into those guidelines. | | | | any necessary adjustments to your application can |
| The first step to this streamlined loan modification | | | | make the difference between success and failure. |
| plan is to pass a short questionnaire. If you can | | | | The truth is even a deserving homeowner can be |
| answer yes to these basic queries, then you can | | | | denied because they made a mistake on their forms |
| move onto actually submitting your application. Do | | | | or did not know how to present their situation |
| you: | | | | correctly. Over 150,000 homeowners have already |
| | | | gotten help in the last few months-you can too. Just |
| 1. Live in the home as your primary residence? | | | | be sure to learn, prepare and then apply. It just |
| 2. Have a mortgage payment that equals more than | | | | makes sense-your home is on the line. |
| 31% of your gross earnings (make sure to include | | | | |