Denied Loan Modification Request
Posted by cliff on November 30, 2002 at 20:14:48:
I live in Ewa Beach, Hawaii, and my parent's property has already been granted motion, but not yet sold. I co-signed the property, and therefore, liable for the mortgage note payable. I wrote to American Savings Bank of Hawaii to request loan modification of no more than 6%. The attorney called to let me know that American Savings Bank had denied my request. I told the attorney that with 6% vice 7.375% it will make it alot easier financially since I also have a mortgage of my own which is at 9.5%.
When I asked why the lender denied, the attorned could not answer. Is anyone out there an expert of this subject matter?
Your assistance will be greatly appreciated.
- If first you don't succeed - Reinstatement Services, Inc. 15:14:05 12/01/02
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