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How do you modify mortgage?

Updated: 9/18/2023
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13y ago

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The lender owns the mortgage and only the lender can modify it. You need to discuss it with the lender.

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13y ago
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Q: How do you modify mortgage?
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Related questions

How do you modify?

The lender owns the mortgage and only the lender can modify it. You need to discuss it with the lender.


How many times can you modify your mortgage?

As long as both parties are in agreement, there is no limit to the number of times a mortgage can be renegotiated.


Is it possible to have your mortgage loan modified if one is current on mortgage payments?

Yes, although mortgage companies are more likely to modify a loan in default.


To transfer your mortgage to another property?

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.


Why do you file a form 4768 with form 706?

I want to modify my mortgage payment


How do you modifie?

The lender owns the mortgage and only the lender can modify it. You need to discuss it with the lender.


How do I convert a mortgage for a multi family into a mortgage for a single family once the property has been converted?

You need to discuss the matter with the lender. The lender owns the mortgage and is the only party that can modify the terms.


What are some government programs for mortgage modification?

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.


Can you get a remodify mortgage after bankruptcy?

If the lender agrees, of course you can remodify, but you cannot force the lender to modify the terms.


Can children of deceased mortgage holder get loan modified?

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.


If someone is the executor of estate and wants to do a modification on a loan they are not on is that an option?

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.


How can you write a hardship letter to your mortgage company to modify your mortgage payment?

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