Posted on: 19th Feb, 2009 07:22 am
what happens when my loan modification is approved and i fall behind in my mortgage payment
kris, you ought to be in constant contact with your mortgage lender to advise them of any difficulties you encounter. they may be able to assist you further. with the new plan President Obama has introduced, that likelihood has increased.
is it likely that my mortgage company will change my payment back to my last payment ond interest rate?
i really don't understand your question, kris.
i have been in a loan modification since december. my husband was out of work i havent made feb payment yet and feel i am falling behind. if i fall behind now. will they change my payment and interest rate back to what it was before the modification>
you really need to discuss this with your mortgage lender - a hardship you've suffered after a previous hardship might help them to understand and not penalize you further.
you should always be in contact with your loss mitigation department or whatever department they have you working with.
you should always be in contact with your loss mitigation department or whatever department they have you working with.