Where do I get mod for my home loan?

MOD is done at the office of Sub Registrar, and the charge is reflected in EC (encumbrance certificate). The fee charged by Govt. (Sub registrar office) is 0.3% of the Loan amount (0.1% and 0.2%). The fee is to be borne by the customer. MOD or Memorandum of Deposit of title deed is a charge associated with the mortgage of the property.

Can you get a loan modification through your current lender?

You can only get a loan modification through your current lender because they must consent to the terms. Some of the things a modification may adjust include: Loan term changes: If you’re having trouble making your monthly payments, your lender may modify your loan and extend your term.

What does mod mean in case of home loan?

The MOD means Memorandum of Deposit of Titles in the banking parlance. In simple words, when you submit your property documents against the Home Loan. The bank will execute the documents on the non judicial Stamp in the name of Mortgagor or Property owner.

When did B of a give Me a loan modification?

I went through a successful loan modification with B of A in 2012. It took 3 years of back and forth correspondence. Several customer service reps. later, it finally happened.

What can a loan modification company do for You?

Loan Modification A loan modification company can change the terms of your loan to lower the monthly payment. If you’re having trouble keeping up with a mortgage, read this guide to find the best loan modification companies for you.

Can a mortgage servicer make a wrong loan modification?

Mortgage servicers handle loan modification applications from homeowners. Unfortunately, servicers sometimes make serious errors when processing modification requests. These mistakes can cause many problems for a homeowner, like missing out on getting the loan modified or even a wrongful foreclosure.

I went through a successful loan modification with B of A in 2012. It took 3 years of back and forth correspondence. Several customer service reps. later, it finally happened.

Is it possible to get a second loan modification?

Yes, it may be possible to get a second loan modification if you are having difficulty making payments on your mortgage. Twice-modified loans are less common than once-modified loans. Contact your servicer to learn how to apply for another loan modification. How long is the loan modification process?