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can I do a second modification

Posted on: 24th Feb, 2010 08:51 pm
I did a modification on my home didn't help much can I try for another one we did the first on our own with no help was told by friends thats prob. why we got screwed with it, they only lowered our payment $100.00 and tacked on all the past due to our loan now we owe more then ever!!
You can definitely apply for a second modification with your lender. It would be your lender's discretion whether or not he would accept your modification request, though. It is better to negotiate with your lender on your own as it has been found that most of the loan modification servicing companies turn out to be scams.
Posted on: 25th Feb, 2010 01:42 am
Hi,

Yes, you can apply for a second loan modification but it is up to your lender to decide. It is not clear why you want to go for second modification? The best you can do is to speak to your lender,negotiate with them to lower your monthly payment. I hope that will help you. You can consult with a good lawyer to get good result.
Posted on: 03rd May, 2010 09:24 am
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