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Question: If you start the loan modification process can you cancel the loan modification if you change your mind?
Answer: Yes. The loan modification does not actually go into effect until the Loan Modification Agreement have been signed.
Question: I am 3 months behind in my mortage payments can the bank forclose on my house if i am in the process of a loan modification?
Answer: It depends on whether you have already received the Notice of Default. Have you? Also has your lender acknowledged the start of your loan modification process?
Question: How much do this loan modification cost?
Answer: Fees vary depending on the company you use. These fees can average between $1,500 and $4,000. This alway depends on your situation and how much you owe the banks. Fill out the form and you can contact one of our professionals directly to find out what it will cost you.
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