Loans, Debt & Credit - View Single Post - How do I handle my second loan modification ?

Evan Bedard · 08-21-2009, 11:59 AM

Hi ksiv01,

Even though you have applied for both your 1st and 2nd loan with the same lender to be modified, that will not always happen. If your lender feel you can afford your payment with only modifying one loan they may just do that..

But over the past 2 years I have seen quite a few first and 2nd liens get modified. Typically one would come a few weeks or so after the other..

If you are asking if they can modify both loans into one that cannot happen..

08-21-2009, 11:59 AM	#2 (permalink)
Evan Bedard LoanSafe.org Homeowner Guide Join Date: Aug 2007 Location: Southern California Posts: 4,296 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: How do I handle my second loan modification ? Hi ksiv01, Even though you have applied for both your 1st and 2nd loan with the same lender to be modified, that will not always happen. If your lender feel you can afford your payment with only modifying one loan they may just do that.. But over the past 2 years I have seen quite a few first and 2nd liens get modified. Typically one would come a few weeks or so after the other.. If you are asking if they can modify both loans into one that cannot happen.. __________________ Keep Fighting! Evan Bedard LoanSafe.org Support Team Please donate via paypal to LoanSafe.org to help keep this forum going The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.