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are you allowed more than one modification

smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

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.

Sussane

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 03:35 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

i was told by my mortage co i cant i do have a server hard ship

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 03:35 | Post subject:

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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.

Thanks

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 03:35 | Post subject:

ki2's picture
ki2 | Joined: November 5, 2010 08:38 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 03:35 | Post subject:

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