Can the mortgage company issue an new trial plan if you have already been approved for a final loan modification?

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Can the mortgage company issue an new trial plan if you have already been approved for a final loan modification?

I am currently paying on a loan modification the amount set by the lender; they now want me to sign a new trial plan for another 3 monhs when the modification has already been completed for months.

Asked on April 6, 2011 under Real Estate Law, Georgia

Answers:

MD, Member, California Bar / FreeAdvice Contributing Attorney

Answered 10 years ago | Contributor

If you have a final loan modification approved, there is no need for another trial modification.  You need to file a complaint with the agency who regulates your lender or servicer and then make sure you include copies of your trial modification, your approved permanent modification and of course the all of a sudden second trial modification offer. Secondly, as a result of this issue, which appears to be more a really bad record keeping issue on the part of the lender/servicer, you need to ask for an accounting of monies on your file so no extraneous fees have been needlessly added.


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