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Posted: Tue Mar 16, 2010 10:03 am Post subject: modification

Finally after 7 months of talking with homeq servicing regaring my modification we have come to a loan modification agreement. Originally my name was not on the mortgage it was in the estate of my late husband. Now the modification has a place where I sign my name. The estate of is also there. Will this reflect on my credit? Also there is a equity line of credit that I am not paying. Which is also in the estate of my late husband it is for 50,000.00 Can they forclouse on the house I am not paying them. The first mortgage is 199,000.00 Please help

Niicss · Posted: Wed Mar 17, 2010 3:24 am Post subject:

If your name is added to the first loan, then it would be mentioned in your credit report. However, as far as I know, you won't be able to add your name to the mortgage with the help of a loan modification. If the second mortgage lender does not receive the payments, then he may either foreclose the property or he can charge off the loan to a collection agency.

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