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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Loan mod? Doubtful... Posted by Rick, the Probate Guy on April 14, 2009 at 12:33 AM In Reply to: Re: death intestate when NOD filed a few months ago posted by Melody on April 14, 2009 at 9:51 AM Lenders generally won't modify loans for the benefit of non-trustors unless formal assumption occurs, and that's rare. Couple that with the fact that the original trustor is deceased and it leads me to the conclusion that it's unlikely that your young cousin, the decedent's Brother, will really be able to obtain a loan modification. I wish him well, but there are too many legal hurdles to get past for that plan to work. There are other work-arounds. Hope this works out well for he and the family. Follow Ups: Re: Loan mod? Doubtful...- misunderstanding Melody 1:00 PM, 04/14/09 (1) Nope Rick the Probate Guy 2:45 PM, 04/14/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Lenders generally won't modify loans for the benefit of non-trustors unless formal assumption occurs, and that's rare. Couple that with the fact that the original trustor is deceased and it leads me to the conclusion that it's unlikely that your young cousin, the decedent's Brother, will really be able to obtain a loan modification. I wish him well, but there are too many legal hurdles to get past for that plan to work. : There are other work-arounds. Hope this works out well for he and the family. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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