are you allowed more than one modification

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Icon Mini Profile christinebarker51

Joined: 26 Jan 2011

Posts: 1

1.29 Dollars($)
Post Posted: Wed Jan 26, 2011 7:04 am    Post subject: are you allowed more than one modification

are you allowed more than one modification
Icon Mini Profile smithsussane

Joined: 18 Sep 2008

Posts: 12591
Location: Alaska
1308.69 Dollars($)
Post Posted: Thu Jan 27, 2011 12:12 am    Post subject:

Hi christinebarker!

Welcome to forums!

You can get more than one loan modification provided you've severe financial hardship. You should contact your lender and he will check your financial situation and let you know whether or not you can qualify for a second modification.

Feel free to ask if you've further queries.

christine barker


Post Posted: Thu Feb 03, 2011 12:16 pm    Post subject: second modification

i was told by my mortage co i cant i do have a server hard ship
Icon Mini Profile jameshogg

Joined: 20 Dec 2005

Posts: 12157
Location: Nevada
1221.05 Dollars($)
Post Posted: Thu Feb 03, 2011 11:16 pm    Post subject:

Hi christine,

Though your lender has said so, I will suggest you to re-apply for a loan modification once again. May be the lender will change his opinion and let you modify the loan.

Icon Mini Profile ki2

Joined: 05 Nov 2010

Posts: 123
Location: USA
28.07 Dollars($)
Post Posted: Mon Feb 07, 2011 3:39 pm    Post subject: more than one modification

Yes and No ... Some lenders will only allow 1 loan modification for the life of the loan, or may only only 1 every 12 months. If your previous loan modification WAS NOT the government HAMP (Home Affordable) program, then you will be able to apply for that program. Assuming your lender is participating in the program.
Kym Irving
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