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 [...]
Posts Tagged ‘mortgage modification’
Can a lender include late charges in the Loan Modification?
Prevent Foreclosure
We all want to try and make when something bad like home foreclosure happens to an individual or a family.
“It was that adjustable rate” or “I lost my job” or “I just have too many bills”
These are all real life excuses but in the end just excuses to your lender or banker. As a homeowner, [...]
Avoid Foreclosure
With an expected 2.5 million foreclosures estimated in the US this year you can beat one of your neighbors is in this situation. A bad situation caused by the economy, job loss and predatory lending. Predatory lening is the act of preying on borrowers and selling loan programs that are not best for the borrower [...]