Maryland became the first state in the nation this week to publicly endorse HOPE LoanPort, a Web-based tool to streamline loan modification applications. Lost paperwork is a common problem, stalling mortgage solutions for many people. The program allows housing counselors to efficiently send applications that have been filled out to mortgage servicers to improve the quality of the application and the decision-making process of servicers.

HOPE LoanPort was developed by HOPE NOW, an alliance of mortgage market participants. More than 100 nonprofit counseling organizations and eight mortgage servicers have committed to the program.

If you or someone you love is facing foreclosure, modifying your mortgage may prevent you from having to file for foreclosure. To learn more, contact the Maryland mortgage modification attorneys of Chaifetz & Coyle, P.C., today by calling 443-546- 4608.