does a loan modification affect your credit score like short sales and foreclosures?my husband and i tried to get a modification a couple of years ago but were denied. our loan is set to adjust in 2012 and we will most likely not be able to afford our new mortgage. i was trying to be proactive by trying to apply for a modification now or should we just wait until it does adjust to help our reason for needing our loan modified. also, does this affect your credit score? if so, how does it...does it make it harder to buy another home in the future? February 04 2010 - Cordelia11YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.