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 gwaresmith
Joined: 14 May 2009
Posts: 1
1.00 Dollars($)
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 Posted: Thu May 14, 2009 12:09 pm Post subject: can you get a loan modificationtwice in a year after a divor |
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| can you get a loan modifiation twice in one year |
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Niicss
Joined: 03 Oct 2005
Posts: 3255
Location: New Jersey
513.90 Dollars($)
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| Posted: Fri May 15, 2009 4:05 am Post subject: |
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Hi gwaresmith
As far as I know, you won't be able to go for a loan modification twice in a year. However, I would still suggest you to speak to your lender once in this regard.
Thanks.
_________________
Good is the Enemy of Great. |
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Guest
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| Posted: Fri May 15, 2009 9:06 am Post subject: |
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| is there any help out there for my situation |
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smithsussane
Joined: 18 Sep 2008
Posts: 4546
Location: Alaska
445.32 Dollars($)
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| Posted: Fri May 15, 2009 8:18 pm Post subject: |
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Hi Guest!
Welcome back to forums!
As Niicss has suggested, you will have to speak to your lender in this regard. Giving a loan modification for the second time would be totally the lender's discretion.
In case, if the lender is not ready for a modification, then you can apply for a short sale. However, in this process you would lose the property as the lender would sell it off and recover the dues. But you will be liable for the deficient amount resulting from the sale of the property.
Feel free to ask if you have further queries.
Sussane |
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