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Company Loan Type APR Est. Pmt.

can a lender charge off account without written notification while working on a modification for a lower interest

Posted on: 19th Jan, 2011 07:13 pm
worked on modification for several month wih mortgage company only to lower interest rate and they charged it off without notification. Did everything as far as paperwork that was asked of me. Made many phone calls and got nowhere.
Hi Guest!

Welcome to forums!

I guess the mortgage company may have rejected the loan modification requested and charged off the loan instead. However, it is mandatory for them to inform you about the rejection of the offer. It is quite surprising that the lender did not inform you about it.

Feel free to ask if you've further queries.

Sussane
Posted on: 19th Jan, 2011 11:12 pm
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