Credit portal




How Long Do I Have to Stay In-Home After a Loan Modification?

how to sell a loan modification

Moving after a loan modification might be difficult due to lender restrictions.

Lenders grant home loan modifications when the borrower proves financially unable to meet present payment terms, yet has the ability repay a reduced amount. Lenders may modify loans for owner-occupied homes or investment properties. If your loan was modified under the condition that you live in the home, you can't simply move out and rent the home. The lender may stipulate that you must continue to live in the home or sell it after a loan modification; however, there is generally no minimum time frame you must keep the home after modifying.


in Selling After Modification

Trending in Your Area

What Is the Difference Between a Sales.

A sales agreement or contract is the most common way.

  • Foreclosure Forgiveness as a Result of.

    Foreclosure as a result of relocation for a job can.

  • Entering Your Tenant's House When They.

    Entering your tenants' house when they haven't paid.

    How Long Before Tenants Can Be Evicted After.

    Tenants can be evicted after a home has been auctions.

    Category: Credit

    Similar articles:

  • Categories