Posted on: 16th Apr, 2010 05:48 pm
I just received a letter saying that I was approved for the trial period on the modificaton they will beging May 1st but i'm behind on my current payments now. Will i have to catch up the payments before or will they add it to the end.
Hi Guest,
If your permanent modification is approved by the lender, then they would add the delinquent amount to the loan at the end. However, in order to get a permanent loan modification, you will have to make the trial modification payments on time.
Take care.
If your permanent modification is approved by the lender, then they would add the delinquent amount to the loan at the end. However, in order to get a permanent loan modification, you will have to make the trial modification payments on time.
Take care.