Who do you call if you are behind on your mortgage and need to modify your existing mortgage?  If you are behind on your mortgage and are facing foreclosure you should call your existing mortgage company at once.  Look for the number on your most recent statement.  Here is a list of the larger banks and the phone numbers of their loan modification departments.

GMAC Mortgage 800-799-9750

Wells Fargo  800-678-7986

Citigroup, Citibank and Wachovia  866-272-4749

JP Morgan Chase, Chase, Wamu, Washington Mutual  866-550-5705

Countrywide  800-669-0102

M&I  877-473-4333 or 877-849-6160

If you are behind or know that you are going to get behind on your mortgage, don’t wait until it is too late.  The sooner you start the more likely you will end up with a favorable result.  Save your home from foreclosure and make the call today.  You home is worth saving and loan modifications do work.  You do not need to pay someone to do a loan modification, you can do it yourself.  Use this information to save your home.

Many Americans are facing foreclosure due to the credit crisis.  What should be your first step if you cannot make your mortgage payment?  Your first call should be to the bank.  You want to speak with someone in loss mitigation.  See if you can work out a forbearance agreement or perhaps even work out new loan terms.  Sometimes a bank will even lower your principal balance as well as interest rates.  At the least you can hope for a forbearance agreement.  This will allow you to pay back a smaller mortgage payment for awhile.  The portion of the payment not paid will be tacked on to the end of the mortgage.  At the least it will give you some relief in the present.

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