| Saxon Mortgage Services, Inc. is headquartered in Glen Allen, VA, is a loan servicing firm owned by Morgan Stanley. Saxon has been working with the troubled borrowers to modify their hard-hit loans and offering them solutions like repayment plans, loan modification programs, short sale alternative, etc.
So far, Saxon Mortgage Services, Inc. has modified 8% of the total loans that originated since 2005 which reported at a total of 17,000 households. Saxon has also given initial approval to about 28,000 loans that are still under review. In order to be able to help as many as borrowers they can, Saxon mortgage has participated in Homeowners Affordability and Stability Plan (HASP) which is a part of Obama’s administration to stabilize the housing market. The program will help people to get low cost refinances, help those who are delinquent on their mortgage payments, upside down on their homes or even who are going to fall behind.
To qualify for a Saxon Mortgage Loan Modification Program one should have a decent reason for hardship like reduction in working hours, loss of job, temporary unemployment, living on a fixed income, rate adjusted or is going to adjust, no equity in the house, got divorced, incurred unexpected expenses, family crisis, medical problems, etc or should be delinquent on the mortgage payments. If your home is under foreclosure, Saxon Mortgage Loan Modification can avoid the foreclosure and help you keep your house. |
