Real Estate Law
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Hello. My name is Alex. Thank you for your question.I will be happy to provide you with information you are seeking for educational purposes only.
Was the mortgage loan modification agreement signed by a mortgage bank representative?
Please provide me with more details.
Thank you for your follow up.
Did you contact your mortgage bank to inquire as to why you are receiving a statement for $1,147 instead of $692?
How long ago was your loan modification agreement approved and signed by the bank?
Generally, it might be possible that the mortgage bank simply has not updated your mortgage account in their system, and that is why a mortgage statement showing original payment amount, before the monthly payment was reduced by the modification agreement, so the best thing to do would be to have the copy of fully executed mortgage modification agreement ready and to call the mortgage bank tomorrow morning and hopefully the mortgage bank will be able to update your account and to provide you with an updated statement showing the correct amount of monthly payment.
I wish you the best of luck!