Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

13
Posts
8
Votes
Dekel Saati
  • Rental Property Investor
  • Chandler, AZ
8
Votes |
13
Posts

Helping a seller with second loan mod?

Dekel Saati
  • Rental Property Investor
  • Chandler, AZ
Posted

Hello BP's! I have a question, is there a way to help someone whos already had a loan modification settled? Since the mortgage payments are about 15% interest rate, after health issues and death in the family, they got into trouble again, and now they late on payments. They don't have a stable income, and they tried to do another load mod with no success, of course. They have the money to pay the new debt, they try to save the home, and now the bank keeps asking for more and more papers but never calling back. Do you guys think they may have a way to still save the home or maybe I can find them a private loan so they can have a lower monthly payment? It seems tough to me, but hey, maybe someone knows a way?

Thanks everyone!

Loading replies...