
An EMC loan modification is typically used when a borrower cannot afford the current or anticipated monthly payment. A loan modification changes the terms of the original note and may result in a more affordable payment. A loan modification process can be lengthy and many have been disappointed with the result.
Items you may need to submit with your request for an EMC Loan Modification:
- Hardship Letter
- Provide a letter detailing the events which have made it difficult for you to make your payments.
- Employment / Income Verification
- Provide a copy of the last 2 paycheck stubs for each party that signed the Note.
- If self employed, provide an income statement showing the past 2 months of income along with a copy of your IRS filing for last year.
- Financial Evaluation Form
- Click Here to print Financial Evaluation Form (detailing expected monthly expenses). Complete and include with your submission. Must be signed by all parties to the Note.
- Contact Information
- Provide your name, address, phone number, e-mail address and fax number.
Send completed EMC loan modification package to EMC Mortgage Corporation by fax or mail:
| Fax Number: | 917-849-2677 |
| Mailing Address: | EMC Mortgage Corporation Attn: Loan Workout Department P.O. Box 293030 Lewisville, TX 75029-3030 |
Please allow up to 15 business days to process your completed EMC Loan Modification package. Any missing documents requested above may result in the possible delay or denial of your request.
As with the reports from all banks, you must stay on top of this process. There are MANY reports on the web of people having to continuously resubmit their paperwork because the bank is unable to find it. It is quite a headache, but if you wish to keep your home and stop foreclosure, then strap on your gloves and get ready for a fight.
If you are unable to qualify for an EMC loan modification, or you have no interest in staying in your home, make sure you have the option of attempting a short sale. The short sale process has improved a lot in 2011. Make sure that you choose a company with a successful track record and who knows what they are doing. Make sure they get you a deficiency waiver and no 1099. For more information about the process contact us today. We assist homeowners in Broward and Miami-dade Counties, especially in Hollywood, Miramar, Plantation, Pembroke Pines, Cooper City, Davie, Weston and Hialeah who need Florida foreclosure help or a short sale real estate agent.
This information is accurate as at Oct 3, 2010. Please check with EMC for any updates.

