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Originally Posted by bigshirl  If I am correct you work for CW this new program are they not adding deliq escrow to the principle balance? When I call the Ag settlement office the gentleman I spoke to was under the same imprecision as me that everything is added to the principle balance. Is this new mod different? ffice ffice" />>> |
I don't work for Countrywide, although I have been involved in the real estate industry for many years. We got a successful modification using Naca
and I was relating my personal experience. Most of the time when you get any type of modification the past due interest, fees and escrow shortage are tacked onto the loan balance to bring the account to a "current" status. Having said that some lenders
CW included are asking for what is called "upfront funds" in order to do the modification.