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How do you get a modified loan on a mobile home?

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Icon Mini Profile dm4js1207





Joined: 29 May 2009

Posts: 2

2.12 Dollars($)
Post Posted: Fri May 29, 2009 5:00 pm    Post subject: How do you get a modified loan on a mobile home?
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My mother-in-law lives in FL and has a mobile home loan. She has had some issues come up that needed repairs and being on a fixed income she's been trying to get the loan modified with her current lender. They have been giving her a run around and I would like to know what she needs to do to get a modified loan.
Icon Mini Profile Niicss
Niicss




Joined: 03 Oct 2005

Posts: 4770
Location: New Jersey
499.28 Dollars($)
Post Posted: Sat May 30, 2009 3:52 am    Post subject:
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Hi dm4js

If she is current on her loan, then the lenders won't be ready to give her a loan modification. However, if she is delinquent, she needs to inform the lender about her hardship and check out if she can get a modification or not. If she is current on her loans terms, she may try out for a refinance provided she has equity in the property.

Thanks.

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