Loan Modification Forum - LoanSafe.org - View Single Post

gray517 · 01-12-2009, 09:48 AM

jburt
any type of modification that you get regardless of who or how you get it will tack on the past due interest to the loan balance, that is the only option with that. I have not seen any mods on any forums where lenders are reducing the balance or principal on any modifications.

01-12-2009, 09:48 AM	#7 (permalink)
gray517 Senior Member Join Date: Nov 2008 Location: Florida Posts: 627 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Modification rejected so hired lawyer jburt any type of modification that you get regardless of who or how you get it will tack on the past due interest to the loan balance, that is the only option with that. I have not seen any mods on any forums where lenders are reducing the balance or principal on any modifications.