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Help answer this question below.
Yes. There are always fees associated with refinancing.
Yes, any terms of a modification agreement are pretty much up to the lender. You do not have to accept what they offer. I do not know if they will consider a counteroffer that does not contain any additional contribution from you, but there is no law against asking.
They are basically allowing you to change the original contract, so they have the position of strength in this. However, they run the risk of losing your account to another lender (if you are a "good" account) or having the account go into default if you can't manage the modified terms and ending up foreclosing (which they don't want to do; they have no desire to own property if they can avoid it).
A neighbors tree fell in my yard and hit my house, can I move the tree debris back onto their property to avoid the cost of removal? This is a Florida property.
by gatheringrm on June 27th, 2011
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Landlord has not paid $6000 judgement awarded 10 months ago. He has recently sold my equipment. What recourse can I take to get my money?
by crazylady4459 on August 28th, 2011
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Why dont people move to Australia if you can basically swap a council house in England for a mansion down under?
by bengodwin on July 19th, 2011
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what is the difference between buying real estate from a family member or non relative in new york state?
by Birdy_B on April 11th, 2011
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I just received a parking ticket for parking in the handicap spaces in our apartment complex that we had permission to use. What do I do?
by elizlogan on June 26th, 2011
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You're reading Can a lender ask for and require you to make contribution (money) to complete your modification?
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