Okay, so everyone wants a loan modification. Well, maybe not everyone, but a lot of people. And some people want to try it as a DIY project. This would be like trying to stitch yourself up after a serious cut and not like changing a shower head.
But, for those people who want to try a DIY approach, here is the biggest problem I see: in the documentation, these DIY folks are showing that they have cash left over at the end of the month or show a lot of assets.
A loan modification works under very specific circumstances: you cannot afford to pay your mortgage. If the bank looks at your budget and sees that you have money left over at the end of the month, the bank will be less inclined to give you a modification. If you can make your payment and have money left over, why do you need a modification?
Just one more reason why you should make sure that you have someone helping you with your loan modification.