Hi everyone,
I am still waiting to get approved and I want to apologize for hijacking this thread.
I got approved for a trial loan modification. The letter says If I fail to make the first Trial Period Plan payment by April 01, 2020, and we do not receive the payment by the last day of the month, in which it is due, this offer will be revoked and we may refer your loan to foreclosure.
My question is my first payment is due April 01, then May 01, and then June 01. According to what is stated above, does that mean I can make my first payment any day before May 01 without going into a default?
I read in one of the lawyer's site that sometimes lender says that's ok but they just want you to go into default.
I called Fay Servicing and they said that's fine but I don't really trust everything that they say.
Please advise.
Thank you,
Michelle Rose