if turned down for loan modification does the mortgage co give you time to pay the past due amt
According to the terms of your Mortgage Agreemengt, no.
But most mortgage companies have thousands of foreclosed properties on the books, so they are usually willing to work with you.
You may seek help & guidance from the counselors appointed by the HUD department. But act quickly or else it could be too late.
It actually depends on the lender but you should be given a grace period. If you need a good loan modification company then try these guys, they helped my sister last year.
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Yes its good idea as it will make you tension free.
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