Denied Forbearance - Loan Modification Forum

thankful07 · 09-08-2009, 01:43 PM

I have another question to my previous post. Has anyone every denied a forbearance and what happened?

ama125 · 09-08-2009, 01:56 PM

I rejected one that I was offered, but I only did so at the time because my husband had just gotten a promotion and pay raise so I wanted to try for a loan mod again. I cannot even say for sure what loan mod I got denied for (the forbearance agreement said I was not eligible for a loan mod but never said if it was HAMP or their own kind). I was never contacted by anyone to send in financial documents, hardship letter, nothing...just called in with income info and months later I got the forbearance letter. I don't know what happens if you turn it down, I just let the time to accept it run out.

09-08-2009, 01:43 PM	#1 (permalink)
thankful07 Member Join Date: Apr 2009 Posts: 14 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Denied Forbearance I have another question to my previous post. Has anyone every denied a forbearance and what happened?

09-08-2009, 01:56 PM	#2 (permalink)
ama125 Senior Member Join Date: Jun 2009 Location: Reading, PA Posts: 1,495 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Denied Forbearance I rejected one that I was offered, but I only did so at the time because my husband had just gotten a promotion and pay raise so I wanted to try for a loan mod again. I cannot even say for sure what loan mod I got denied for (the forbearance agreement said I was not eligible for a loan mod but never said if it was HAMP or their own kind). I was never contacted by anyone to send in financial documents, hardship letter, nothing...just called in with income info and months later I got the forbearance letter. I don't know what happens if you turn it down, I just let the time to accept it run out.

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