Need advice on my first modification payment. PLEASE - Loan Modification Forum

HereinNY · 08-04-2009, 05:01 AM

My first payment is due Sept 1. The documents do not state certified check but when I called in they said I should send it certified..however, we only get our retirement money direct deposit on the 1st. Do you think I should send a regular check on time to get there by 1st or send a certified check overnight to get there on the 2nd...advise please...

Moe Bedard · 08-04-2009, 05:58 AM

See, my last post to your question

Certified is the way to go.

aprilware2 · 08-04-2009, 11:11 AM

Quote:

Originally Posted by HereinNY

My first payment is due Sept 1. The documents do not state certified check but when I called in they said I should send it certified..however, we only get our retirement money direct deposit on the 1st. Do you think I should send a regular check on time to get there by 1st or send a certified check overnight to get there on the 2nd...advise please...

If you get your funds on the first of Sep. Just western union your payment on the first. I was told by my lender it has to be on the 1st and no grace periods. Although it can be paid before the 1st also. You really dont want to give them any reason to not give you an per mod at all.

alikeith · 08-04-2009, 01:30 PM

actually per the guidelines, as long as its within the 30 days you are fine. I would not suggest that, but thats what i read

letma · 08-13-2009, 04:34 PM

Hi as a modification success myself. You have to do exactly as told or risk everything! At Chase they did not take personal checks at all during the modification period..they only took a cashier's check. Once the modification is complete they will send you a letter in the mail that completes the modification about 2 months later at which time you can go back to paying with a personal check.

08-04-2009, 05:01 AM	#1 (permalink)
HereinNY Senior Member Join Date: Apr 2009 Posts: 261 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Need advice on my first modification payment. PLEASE My first payment is due Sept 1. The documents do not state certified check but when I called in they said I should send it certified..however, we only get our retirement money direct deposit on the 1st. Do you think I should send a regular check on time to get there by 1st or send a certified check overnight to get there on the 2nd...advise please...

08-04-2009, 05:58 AM	#2 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Need advice on my first modification payment. PLEASE See, my last post to your question Certified is the way to go. __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

08-04-2009, 01:30 PM	#4 (permalink)
alikeith Senior Member Join Date: May 2008 Posts: 630 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Need advice on my first modification payment. PLEASE actually per the guidelines, as long as its within the 30 days you are fine. I would not suggest that, but thats what i read

08-13-2009, 04:34 PM	#5 (permalink)
letma Member Join Date: Feb 2009 Posts: 11 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Need advice on my first modification payment. PLEASE Hi as a modification success myself. You have to do exactly as told or risk everything! At Chase they did not take personal checks at all during the modification period..they only took a cashier's check. Once the modification is complete they will send you a letter in the mail that completes the modification about 2 months later at which time you can go back to paying with a personal check.

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