Loan modification

This topic contains 0 replies, has 1 voice, and was last updated by  davefollmer 7 years ago.



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    davefollmer
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    During some difficult times a few years ago I was behind own my second mortgage my lender sent me an offer to modify the loan. 14.5% to 5% and more than half the payment. At that time I would have accepted new terms from Tony Soprano if it increased my cash flow. Well now I found out it states on my credit report that “loan modified ” and it is the only stopping me from being approved for another home loan. Does anyone know how long this will be on my report or have any suggestions to get it removed? Can I offer to go back to the original terms if they remove it? Any suggestions are appreciated.



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