- Put together a household budget and balance sheet.
- More than 1,000 people work for Saxon Mortgage Services.
- Saxon offers forbearance, loan modifications, and debt forgiveness.
How do I start a principal reduction with Saxon Mortgage Services?
We have a mortgage with Saxon and would like to get on the program with the principal reduction program? What to do?
Saxon Mortgage Services traces its inception to 1960, and was acquired by Morgan Stanley in December, 2006. The company claims to employ 1,000 people. According to the Saxon Mortgage Services Home Preservation Web page, the company participates in the the HOPE NOW Alliance, which is a voluntary collection of mortgage servicers and HUD, which are motivated to help homeowners prevent foreclosure.
Saxon Mortgage Services claims to offer repayment and forbearance plan, loan modifications, short sales, debt forgiveness, and deeds in lieu of foreclosure. The company states it is participating in the Home Affordable Modification Program.
Saxon Mortgage Services states customers seeking a loan modification should call the company at (888) 325-3502.
Be prepared to complete forms that include your income and expenses. Therefore, now is a good time to put together a household budget and balance sheet if you have not done so already.
I hope this information helps you Find. Learn & Save.