Posted on: 09th Dec, 2010 09:25 am
Loan Modification is the biggest rip off I think they have going, it is suppose to help not hurt. I was behind and I was put on a payment plan for five months of $785.53. While I was waiting on my modification. Now my mortgage payments went from originally 1,032 to 1,201.52. This is ridiculous, someone needs to take a look at this. Also they did not lower my interest rate but kept it at the same rate. I want to know if I could try another company and I have filed bankruptcy chptr 13.
Hi hinds!
Welcome to forums!
You will have to contact the lender and negotiate with him further in order to get a better payment plan. However, it is completely the lender's discretion whether or not he will be able to provide you with a loan modification. If you do not fulfill the required criteria of the lender, then he will not consider your account for modification.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You will have to contact the lender and negotiate with him further in order to get a better payment plan. However, it is completely the lender's discretion whether or not he will be able to provide you with a loan modification. If you do not fulfill the required criteria of the lender, then he will not consider your account for modification.
Feel free to ask if you've further queries.
Sussane