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Tina, Lawyer
Category: Real Estate Law
Satisfied Customers: 5436
Experience:  17 years of legal experience including real estate law.
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I had the same question with Trojan. They sent us a loan mod

Customer Question

I had the same question with Trojan. They sent us a loan mod packet but thhe no.12 statement said that the loan will not be reinstated by entering into this agreement and by making the payments. The payments required in this agreement to postpone foreclosure may not be sufficients to satisfy the regular monthly payments required by loan documents. Therefore it is likely that you will still be in default after you make all your payments required by this agreement.
They want us to pay $50,000 intila and $13,334 monthly beginning 05/29/15 but the no. 12 agreement doesn't seem right. Kindly advise. Thank you.
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  Law Educator, Esq. replied 1 year ago.
Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only.
What is your specific question about this situation and the company?
It seems they have modified their agreement over the years and are telling you up front you are not likely to save your property through them, but what is your question?

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