I need help on a loan modification. Where do I go to get one and how much does it cost? I live in Virginia. Thank you so much!
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Anonymous
ANSWERS: 1
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A loan modification is granted by the mortgage company who holds your mortgage note. You may contact them directly. Their main number is on the coupons you send in each month with your payment. You may be redirected to the loss mitigation department in some instances. If you are seriously delinquent, you may still have a chance as long as you can prove the ability to repay the debt, otherwise you may face foreclosure, as would anyone else in the same situation. Should that be the case, you may be able to sell your property short or you may surrender your deed in lieu of foreclosure. Good luck.
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