How to expedite loan modifications

Better then 35% of Phoenix home owners are upside down on  HOMES  including my self. I am in the process of going for a loan modifications. I will be blogging  every step of the way.
below is some good info I found for the do it yourself er    loan modification. Dont let your time run out!!!

Here are some tips for expediting your loan modification proposal with your bank or loan servicer:
1. Be prepared. According to a video produced by Freddie Mac, you can expedite your loan modification by having the following documents and information available when you call your servicer.
• Your monthly mortgage statement (which should include your loan number and property address)
• Your homeowners/condominium fees statement
• Recent pay stubs, W2s and tax returns to document monthly pretax income
• Your Profit and Loss statement (if you're self-employed), which helps a lender determine your ability to repay your loan.
• A list of your typical monthly expenses Bank of America offers a checklist)
• Documentation from other debts, such as home-equity loans
• The balance and minimum monthly payment on credit cards, car loans and student loans
• Anything that can document why you fell behind on your loan, such as a letter from your employer about a recent layoff, a utility cancellation notice or invoices for large purchases such as a new air-conditioning unit or other item that helped cause the financial hardship.
2. Make your case.  Write a solid statement about your need for a loan modification to give to your lender or loan servicer. The hardest part of the process is writing a letter about what caused you to be in financial trouble, according to Freddie Mac. But, it’s an important step. “Write out a short statement about your financial problems,” says Simon. “Be as specific as possible. It doesn’t have to be long. This helps the servicer process your application more quickly.”
3. Phone off-peak.  It can be hard to get through to your loan servicer. “Representatives are seeing an increase in call volumes,” says Bank of America’s Simon. Calling your loan servicer at off-peak times will decrease on-hold times and increase the likelihood of speaking with a professional in a timely manner. According to Simon, off-peak times are generally in the evening in the Eastern Time Zone or late afternoon in the Pacific Time Zone.
4. Don't be sloppy. Complete paperwork accurately. After the initial call, if the homeowner qualifies for a loan modification or other workout, an application packet will be sent. According to Bank of America, about 80 percent of submitted applications have omissions or mistakes. Review everything carefully and make sure all supporting documents are signed. “Incomplete paperwork takes additional time to correct and creates more delays in the process,” says Simon.
If you can’t afford your current mortgage payment, but can pay a lower one, a loan modification can help you keep your home. And, according to Bank of America, it’s a cost effective way for lenders to avoid dealing with trying to unload another distressed property— a true win-win.
By Tracey Velt, Cyberhomes Contributor