Loan Modification Really an Option at the End of Forbearance?
Автор: Motivational Esquire
Загружено: 2021-05-24
Просмотров: 3649
Forbearance end is near and banks are sending out letters asking homeowners to make decisions. One of the options they are offering is a Loan Modification or Mortgage Modification. A Mortgage Modification is not really an option at the end of forbearance. The Loan Modification "option" is an invitation to apply for a mortgage modification, but there is no guarantee that you will get one. Attorney Diego G. Mendez, Esq. explains how the Loan Modification process works and what you can expect.
00:00 Introduction
01:52 Mortgage Modification Not on the Menu
02:27 Loan Modification Not Guaranteed
03:14 Wrong Reasons to Apply for a Loan Modification
04:04 Right Reasons to Apply for a Mortgage Modification
05:05 Closing Thoughts on Forbearance and Loan Modifications
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