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Question: Real Estate - California

Asked on 11/6/2009

Loan modification

If I am in a 3 month trial period for a loan modification and in good faith have made the first 2 payments. Can the mortgage company rescind the agreement before the trial period is over; and raise my mortgage to nearly twice the amount I've paid in the last 2 months?


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Answers (2):

J.M.A., Member in Good Standing of the Connecticut Bar


I am a lawyer in CT and practice in the area of the law.  The 3 month trial period is based on a contract.  if the bank has agreed to a modification of the contract, it cannot change the terms of the contract until the 3 months are up at the very earliest.  Once the trial period is up, the bank may charge you based on the modification documents.  I would need to see what you agreed to and determine what the bank may charge you after the trial period ends. 



  • Answered on 11/7/2009
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You should obtain legal assistance with your loan modification.   Be careful with the many non-attorney groups that are advertising their services, without any oversight.

Contact my office if you need professional guidance with your loan modification

Robert Spitz

909 395 0909



  • Answered on 11/8/2009
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