Jump to content

2nd Loan mod - confused


SaulG
 Share

The last post in this topic was posted 1485 days ago. 

 

We strongly encourage you to start a new post instead of replying to this one.

Recommended Posts

Hi All 

Have an FHA mortgage.

I received a loan mod back in 2017 and lender did a partial claim : something like so - to keep numbers simple , original loan was say 600k - when modified it was 430 with a partial claim of 170 (deferred)

Unfortunately needed to go on forbearance in early 2019 due to job loss and got back on my feet 6 months later. The forbearance lasted 9 months , at which at end lender approved a repayment plan of double payment over 12 months. Tried for a few months but it was ultimately too much. I called to work something out and they offered another modification (FHA HAMP) - so I did the trail successfully (made 3 payments) and new mod is approved with a partial claim of 15k and new modified balance of 460k. So I am not sure where the rest is (about 100k). Should I expect a 2nd partial claim ? Doesn't make sense to me. 

Thanks! 

Link to comment
Share on other sites


  • Admin

Welcome to Creditboards!

We hope that you find what you're looking for here.

Some helpful tips:

  • Your post may not get a reply right away. Don't be discouraged, this is a very busy board. If it falls off of the first page, feel free to reply to your post yourself, with the word *bump* in the text. This will *bump* your post back up to the top of the board.
  • If you haven't yet, take a peek at out Newbies Section. Everything that you need to know is in that forum, for the most part. It's a lot of reading, we know, but this credit stuff can have a steep learning curve. In no time, you'll be posting like the pros!
  • If you find that someone is discourteous to you, use the REPORT button at the top right of every post - that will ensure that a moderator or admin looks at the post and decides if it is against the TOS.
  • Off -topic posts should go in the General Forum.

 

Again, welcome to the CreditBoards family!

 CB Admin:  Pam, MarvBear, radi8, LKH & 😇breeze😇

 

Link to comment
Share on other sites

The last post in this topic was posted 1485 days ago. 

 

We strongly encourage you to start a new post instead of replying to this one.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share




  • Member Statistics

    • Total Members
      188948
    • Most Online
      2046

    Newest Member
    joanwilli008
    Joined
×
×
  • Create New...

Important Information

Guidelines