According to HUD the Mortgagee Letter 2008-21 states that accrued late charges should be waived by the mortgagee at the time of the Loan Modification.
Make sure when you have a mortgage modification approved you are not being charged late fees. Late fees, late payments and more will pile up when you are close to foreclosure. The only way you can be sure you are getting a “better” mortgage this time is to consult a loan modification attorney.
Let http://MyLoanSavers.com review your needs and place you with a qualified loan modification company in your area.
on Dec 23rd, 2008 at 1:14 pm
I just had MyLoanSavers.com help with my loan modification. I was 3 months behind. I received a 4% fixed rate for 5 years then 6% after that for a total of 30 years. I was at 12% - it really worked for us.