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 dmcire
Joined: 06 May 2009
Posts: 1
1.32 Dollars($)
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 Posted: Wed May 06, 2009 9:36 pm Post subject: How do I ask for a loan modification? |
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| My mortgage is currently 98 days behind. I am making partial payments of 505.00 biweekly |
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Niicss
Joined: 03 Oct 2005
Posts: 3227
Location: New Jersey
509.11 Dollars($)
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| Posted: Thu May 07, 2009 2:16 am Post subject: |
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Hi dmcire
You can apply for a loan modification by writing a hardship letter to the lender. You need to disclose your current financial situation to the lender. The lender will judge your financial situation and then decide whether he would accept your request or not.
Thanks.
_________________
Good is the Enemy of Great. |
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Realgeni
Joined: 13 Apr 2009
Posts: 1434
99.76 Dollars($)
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| Posted: Sat May 09, 2009 2:48 pm Post subject: |
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If the bank has nto called you askign for rest of the payment, call your bank and explain them yoru current situation and aks for loan modificatiosn departmenet.
Some of banks have options to submit the required information on thier website. CHeck your bansks website ( Secure of course) |
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info
Joined: 28 Apr 2009
Posts: 3
4.86 Dollars($)
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| Posted: Wed May 13, 2009 2:00 am Post subject: |
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I agree with the above 2 responses. Talk to your lender, see what they have to offer in your situation. You are behind so they should be able to offer you a re-payment plan or even get you a loan modification.
If you need any assistance in knowing whether or not you will qualify, we can give you a free consultation.
[Promotional text deleted as per forum rules. Thanks.] |
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Ken
Guest
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| Posted: Fri Nov 13, 2009 7:23 pm Post subject: Loan Modification |
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| I brought a house in my Dad name. I have refinance it twice, and was keeping up with payment. Now I'm on disability and cann't keep up even when working it was hard to keep up actually I falling behind. I'm near to retiring,also only been late onr time in 12 years and that was a few month ago. If they lower the payment , I should be able to make pymt. even retired. Ouestion How do we go about telling the loan Co. the situation were in and about me making all payment before and after loan modification. Mt credit is BAD |
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smithsussane
Joined: 18 Sep 2008
Posts: 4484
Location: Alaska
435.29 Dollars($)
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| Posted: Mon Nov 16, 2009 1:14 am Post subject: |
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Hi Ken!
Welcome to forums!
You can write a hardship letter to the lender and apply for the mortgage modification. He will get to know about your financial situation from the hardship letter and would let you know whether or not you would be able to get the modification.
Feel free to ask if you've further queries.
Sussane |
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