We needed urgent help with our budget real quick, and so accepted the loan mod offered by our 2nd Mortgage for $150 less. We have to say our acceptance to our first mortgage offer within a week which is only $90 less.
We tried everyway we could and this is the best offer we received from both lenders. However we want to do better on our loan mods.
If our loans are modified by the lender this Dec, Can we still try for a better loan mod later. We are planning to get help from NACA in Jan. Will it work?
I read different things on Internet. Some say Loans can be modified only once until 2012. Some say no new modifications atleast for a year. Which one is true?