On March 4, 2009, the federal government announced details of the Home Affordable Modification program as part of the Making Home Affordable program. The Home Affordable Modification program is a loan modification program designed to reduce at-risk borrowers' monthly mortgage payments.

The streamlined process allows a borrower to sign a workout plan at outset of the workout process providing for a trial period. The borrower is required to make three monthly payments at the estimated modified payment amount as a precondition to the modification.

For borrowers who qualify based on the income information submitted, RoboDocs will prepare a Home Affordable Modification Program Loan Workout Plan in conformity with agency requirements.

Upon successful completion of the three month trial period, RoboDocs will prepare the actual loan modification agreement and related documents.

See our dedicated loan modification/loss mitigation web site for complete information: ModificationDocuments.com