[nid2ask]

I applied for a loan modification before. The loss mitigation department of my lender told me to pay my overdue balances to my mortgage in order for my application to be approved. Should I do what they say?

[admin]

It depends, typically not but there are a few investors that require you to pay. I need more detail to give you an informed response. Please give more detail so I can let you know.

[Tom Brady]

In most cases, you don’t have to. Get yourself a loss mitigation expert who can study your situation. Most of the time, your overdue balances will be part of the modified contract or may even be cancelled depending on your lender and the ability of the loss mitigation expert to promote your interest.

[admin]

I am asking for more detail in order to give correct information and not a blanket response. I do not give general information to someone that asks we need to give the best information based on circumstances.