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DEN1218531 · Joined: 18 May 2009 Posts: 2 1.55 Dollars($)

IVE BEEN PAYING MY MORTGAGE ON MY OWN SINCE MY EXBOYFRIEND (COBORROWER)MOVED TO ANOTHER STATE I YEAR AGO. HE HAS BEEN REMOVED FROM THE DEED. IS IT POSSIBLE FOR ME TO DO A LOAN MODIFICATION WITH MY INCOME ONLY SINCE I CANT REFINANCE BECAUSE MY MORTGAGE IS MORE THAN THE HOME VALUE?I REALLY WOULD LIKE TO KEEP MY HOME AND HAVE DONE OK SO FAR BUT BILLS ARE STARTING TO PILE UP

smithsussane · Posted: Wed Oct 14, 2009 11:53 pm Post subject:

Hi DEN!

Welcome to forums!

If you try for a loan modification, it would require the co-borrower's signature as well. This is because though the person is not on the property deed, he is still on the mortgage. It would have been better if you could have refinanced the loan and then asked for a modification.

However, I would suggest you to have a word with your lender and check out if he can help you with a loan modification.

Feel free to ask if you've further queries.

Sussane

UMAR_MUGHAL76 · Joined: 20 Oct 2009 Posts: 11 2.62 Dollars($)

Loan modification mortgage is a process whereby a home owner’s mortgage is modified and both the lender and homeowner are bound by the new terms of the new mortgage. The most common loan modifications are listed below.

Regards

Company	Loan Type	APR	Est. Pmt.
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