Posted on: 06th Apr, 2010 11:28 am
Applied for loan Modification, what are your experiences?
Hi gramnanan,
I do not have a personal experience with Ocwen Loan Servicing or LaSalle Bank. However, what I feel is that if you want to modify your loan terms, you should directly have a word with your lender and explain your financial hardship. Depending upon your situation, the lender will let you know whether or not your request will be accepted.
Most of the times, it has been found that the loan modification companies are a scam. It's better to negotiate with the lender yourself rather than hiring these servicing companies.
Thanks
I do not have a personal experience with Ocwen Loan Servicing or LaSalle Bank. However, what I feel is that if you want to modify your loan terms, you should directly have a word with your lender and explain your financial hardship. Depending upon your situation, the lender will let you know whether or not your request will be accepted.
Most of the times, it has been found that the loan modification companies are a scam. It's better to negotiate with the lender yourself rather than hiring these servicing companies.
Thanks