QUESTION
What can I do if I was disapproved on my loan modification?
Asked on Aug 12th, 2013 on Foreclosures - New Jersey
More details to this question:
I have tried to get approved for a loan modification since 2008, when my husband lost his job. He is now working and we have separated. I received a letter from the servicing company last week that said I didn't qualify for the modification because of the npv, no specific reason. What can I do now because I really want to keep my home and I can afford to pay just not with the 10% interest rate and the arrears are up to $40,000.
2 ANSWERS
Ten percent. Have you tried applying for a new loan (refinance) with a different lender?
Answered on Aug 14th, 2013 at 7:56 PM
General Law Attorney serving Cherry Hill, NJ
at
Mark S. Cherry, Attorney at Law, PC
Update Your Profile
They must give you the npv inputs and appeal instructions. There are hud approved free counseling agency's to help. Check with the lender for traditional modifications as well.
Answered on Aug 14th, 2013 at 4:00 PM