The lender owns the mortgage and only the lender can modify it. You need to discuss it with the lender.
As long as both parties are in agreement, there is no limit to the number of times a mortgage can be renegotiated.
I want to modify my mortgage payment
If the lender agrees, of course you can remodify, but you cannot force the lender to modify the terms.
I will forward you copies of hardship letter samples. I do this for a living and I have helped clients put their hardship into a letter format as long as they know and can tell me what their harship is. Glena
A loan modification is necessary when someone is facing financial hardship and is having trouble keeping up with the terms of the mortgage in its present state. One would go to the bank and renegotiate and modify the terms of the loan to ease their financial obligations.
The lender owns the mortgage and only the lender can modify it. You need to discuss it with the lender.
As long as both parties are in agreement, there is no limit to the number of times a mortgage can be renegotiated.
Yes, although mortgage companies are more likely to modify a loan in default.
You can't 'transfer' your mortgage to another property. The bank owns the mortgage lien. You would need to negotiate with the bank to modify its lien.
I want to modify my mortgage payment
The lender owns the mortgage and only the lender can modify it. You need to discuss it with the lender.
You need to discuss the matter with the lender. The lender owns the mortgage and is the only party that can modify the terms.
There are various programs the government offers for mortgage modification. A few programs available from the government to modify your mortgage include Obama's loan modification program and HUD.
If the lender agrees, of course you can remodify, but you cannot force the lender to modify the terms.
That depends on the mortgage holder. In most cases, they will not modify the existing loan. However, they may be willing to re-finance with those that inherit it.
The decision to allow the executor to modify an existing mortgage is up to the lender. The executor could refinance the property with a new mortgage if allowed by the court.
I will forward you copies of hardship letter samples. I do this for a living and I have helped clients put their hardship into a letter format as long as they know and can tell me what their harship is. Glena