"Yes you are right it is opinion. Just as what you say is opinion. But its what I do all day. Guidelines are guidelines. I must conform to them no matter who calls in and asks for the mod. The only difference is that I have no financial interest in the out come."
View Post
"I do loan MOD's, Stips and short sales all day long. One thing of note. It does not matter if its the borrrower or a third party or even an attorney. The same rules apply. The customer will get the same terms anyone else would calling in on the same loan."
View Post
"In most cases the borrower can and will get the same MOD offered as what a third party can provide."
View Post
"40% thats not to bad currently we are seeing about a 60% default rate on MOD's. It pretty amazing when you see MOD where the LTV was put down to a 100% and you reduce the payment greater than 50% yet the customer defaults again. Not to mention in some cases they are paying more for there car payments."
View Post