Loan modfication/principal balance reduction
High interest rate & past due interest added that was suppose to be included in principal balance reduction
Unique mortgage was over $237,000, rate of interest is 7.825 therefore test cost was $1500. We were informed that mortgage could be recalulated with fresh mortgage amount could be significantly less than $1500. Then we were informed the mortgage was nonetheless $1500.00 therefore the house could be ...