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 Loan Modification Agreement Form 2014

2014-2025 Form

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Video instructions and help with filling out and completing Loan Modification Agreement Form

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Instructions and help about Loan Modification Agreement Form

I wanted to show you guys what it looks like when you default on a loan modification so this individual right here was going through foreclosure and they worked up in agreement with the bank to modify the loan but unfortunately life happened and this individual still couldn't make the payments and then now you see the bank is calling the full amount do the full balance that they owe here on the mortgage it's 460 799.84 but if we look on the bottom we see an additional seventy four thousand one hundred thirty dollars and fifty cents that is due what happened so in a loan modification what happens sometimes they take a portion and they put in the back of the mortgage and you won't see that on your mortgage statement unless you look at a payoff or or in this situation they call the full mortgage due now lucky for this individual the house is valued at nine hundred thousand but what happened if it was vice versa and they owed more on the mortgage and divide the hous

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