Can the mortgage company issue an new trial plan if you have already been approved for a final loan modification?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Can the mortgage company issue an new trial plan if you have already been approved for a final loan modification?
I am currently paying on a loan modification the amount set by the lender; they now want me to sign a new trial plan for another 3 monhs when the modification has already been completed for months.
Asked on April 6, 2011 under Real Estate Law, Georgia
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
If you have a final loan modification approved, there is no need for another trial modification. You need to file a complaint with the agency who regulates your lender or servicer and then make sure you include copies of your trial modification, your approved permanent modification and of course the all of a sudden second trial modification offer. Secondly, as a result of this issue, which appears to be more a really bad record keeping issue on the part of the lender/servicer, you need to ask for an accounting of monies on your file so no extraneous fees have been needlessly added.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.