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Im in a loan modification which was higher than my trial. I paid $10,000.00 in trial payments and t

Profile picture for Bubba Banks
Im in a loan modification which was higher than my trial. I paid  $10,000.00 in trial payments and they added $20,000.00 to the end of the loan. The bank cannot tell me where the $10,000.00 went or why $20,000.00 was added to the loan any advice?
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October 03 2011 - Warwick

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Profile picture for rihousehunt
Mr. Banks,
Unfortunately, this is not unusual with loan modifications from my experience with past clients who have then opted for a short sale.  The banks seem to uniformly do this and it may not have a good outcome for you.  I would seek legal counsel sooner rather than later, if you need a good real estate lawyer who deals with these issues I can give you a few names.
best, Ginny Gorman
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October 03 2011
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[self promotion deleted by Zillow moderator]
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October 20 2011
Profile picture for sunnyview
Bubba, I would forget about contacting anyone without a license number listed in their Zillow profile. They are probably just blowing smoke and looking for a quick buck at someone else's expense.

Someone who could really help you would have a license listed and a way to check their qualifications.
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October 20 2011
Good Evening Mr Banks,

I wish I could answer your question about the extra money added to your loan.  Unfortunately I am not a mortgage broker nor a real estate attorney.  I could give you names of both to try and explain your current situation with your bank.  It is very unfortunate that the bank has done this to you and I am hopeful you get some answers real soon!  Best of luck to you!

Have a fabulous evening!

Erin Diaz, Broker - Owner
Beaches & Backroads Realty
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November 13 2011
 
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DiscussionIm in a loan modification which was higher than my trial. I paid $10,000.00 in trial payments and t
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