Re-modification is a painful and difficult process for a number of reasons, and should be avoided at all costs. Seek professional assistance for legal alternatives available to avoid remodification. Fixing a mortgage modification through other alternatives is a much better choice than seeking to remodify, for a number of reasons:
1. Re-modification often involves a completely new modification application and an incredibly slow and laborious process even if you still have the same bank.
2. No bank likes to remodify a mortgage that they’ve already fixed once before.
3. Re-modification is an exceedingly slow process that creates large back balances and past due arrearages.
4. Mortgages change hands so often that re-modification often involves an entirely new bank or servicer.
Various state and federal laws protect defaulted mortgages and reinstate good modifications. We’ve fixed hundreds of broken Connecticut mortgage modifications.
