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

dm4js1207 · Joined: 29 May 2009 Posts: 2 2.12 Dollars($)

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.

Niicss · Posted: Sat May 30, 2009 3:52 am Post subject:

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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