If your loan is owned by Fannie Mae or Freddie Mac, it is only eligible for a Flex Modification if the property is your primary residence. Even though loans on non-owner occupied properties are not eligible for modifications under the “Flex Modification" Program there are still other loss mitigation options that may be available to you. Misrepresenting your occupancy in order to qualify for this program is a violation of Federal law and may have serious consequences.
If your loan is owned by Santander Bank, you may still be eligible for a Santander Home Loan Modification even if you use the property as a vacation home or rent it out to tenants.
Contact the Santander Bank Loss Mitigation Team at 1-866-397-5370 or via e-mail at LossMitinquiry@yourmortgageonline.com for more details.