The need to alter a loan in Utah can be caused by many factors, such as:

• The borrower having less income than anticipated (i.e. reduction in salary or loss of job)
• A family or medical hardship (i.e. illness or death in the family)
• A scheduled change in loan structure that the borrower wasn’t aware of or didn’t anticipate (payment adjustment)
• A decrease in the value of the property
• And a variety of other factors

Lenders in Utah will consider many of these types of issues a “hardship”, and are generally open to altering the repayment terms of the mortgage loan (and on certain loans the principal balance), due to the borrower’s hardship.

To find out if you are eligible for a loan modification or if you have any questions about the services we provide, contact us by Phone at 866-297-3883 or email at info@shortsaleadvocate.cc.