Forums
I am at a loss as what to do :( Got denied for a loan modification due to low income. Earlier, this same company had put us on loan modification trial. But after that I lost my job. However, I have got a job recently and I am confused as to why they are denying us the modification.
Though I am into a job, it isn’t possible to do the regular monthly payments. In addition we will have to pay the back interest too. What can we do? My husband is without job :( :(
denied loan modification
Hi Cinderella,
You can send a letter through certified mail, requesting a return receipt, requesting them to provide you with other payment options if possible. Request them to agree to a repayment plan.
You can also contact them over the phone and request them to connect you to a supervisor or manager of the company. Make him understand your situation. Perhaps that will work out. Mention that you are willing to pay. Another thing that you can do is enroll into Obama Mortgage plan.
Hope this helps.
Regards,
Aaron
what bank is this