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has anyone looked into a loan mod?
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limommer
LIF Adult
Member since 2/10 1073 total posts
Name:
Meredith
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has anyone looked into a loan mod?
and if you went through it were you approved?
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Posted 6/7/10 4:12 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: has anyone looked into a loan mod?
yep and it's a b!tch of a process. fm for more info.
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| Posted 6/7/10 5:50 PM |
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Re: has anyone looked into a loan mod?
I have done many Loan Mods for clients. They are not easy. It is like re-applying for a new loan, plus you have to give reasons why you need it. (hardship letter) Then you have to wait....wait....wait....wait.
I guess you get the picture. 
Any questions you can FM me anytime.
Arthur
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| Posted 6/8/10 12:57 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: has anyone looked into a loan mod?
I don't know anyone who has had luck. I'm in the middle of trying to do this 8 months later.
These banks suck.
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| Posted 6/8/10 1:38 PM |
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Re: has anyone looked into a loan mod?
I've worked on several successful loan modifications. However, they were all in foreclosure. When the homeowner has an attorney and the courts are involved, the lenders tend to cooperate. As the attorney, I work directly with the lender on the modification. At the same time, I deal with the foreclosing attorney and attend all settlement conferences with the court.
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| Posted 6/8/10 3:34 PM |
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