Loans, Debt & Credit - View Single Post - Got paperwork UPS!! ...small discretion...technicality?

darkdays · 10-22-2009, 01:44 PM

On the HAMP website it says that if the borrower is advised of the modification within the 1st 15 days of the month, the payment is due the 1st of the next month. If the borrower is advised of the modification during the last 15 days of the month, you have to skip to the next month. Seems you just got your papers today (?) and therefore, your 1st payment should be due December 1st. Always go with what is in writing before anything verbal. Best of luck to you!!

10-22-2009, 01:44 PM	#5 (permalink)
darkdays Senior Member Join Date: Oct 2009 Posts: 370 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Got paperwork UPS!! ...small discretion...technicality? On the HAMP website it says that if the borrower is advised of the modification within the 1st 15 days of the month, the payment is due the 1st of the next month. If the borrower is advised of the modification during the last 15 days of the month, you have to skip to the next month. Seems you just got your papers today (?) and therefore, your 1st payment should be due December 1st. Always go with what is in writing before anything verbal. Best of luck to you!!