The answer is no. I am a Certified Signing Agent and I am also a Loan Modification Consultant, but that does not mean that I need to be one in order to become a loan modification consultant. Glena

A loan modification is up to the discretion of the lender. The type of loan doesn't really matter as much as the willingness of the lender to work with you.

No because a loan modification is set in place to give the client a fresh start. The client should waive all the late fees that he/she had before the loan modification.

You have to apply to your lender for a loan modification. Some people use attorneys to make application on their behalf, and others choose to go the "do it yourself mortgage modification" route.

If you decide to do your own home loan modification, make sure you get your paperwork correct. You need to know precisely what your lender requires, otherwise your application will be rejected.

It may be a good idea to buy a loan modification system that can show you, step by step, how to go about the loan modification application.

No. Deeds affect ownership of the property. A new deed isn't necessary for a loan modification.