Loan Modification after Chapter 7 Discharge

[imran93]

I was wondering if anyone has an experience getting a loan modification done with CHASE or some other bank after the loan has been discharged in Chapter 7 but without re-affirmation

I have read conflicting answers some folks say that loan modification is not possible for non-reaffirmed loans and some folks say that they received a modification offer from the current lender despite not filing re-affirmation

[justbroke]

I received a modification during my Chapter 7 with no reaffirmation. You can "modify" a non-reaffirmed mortgage if the lender wants to do it. As you probably know, a modification has nothing to do with a reaffirmation.

The real issue is whether or not your lender wants to modify your loan. It really is not a question of can it be done. Loan modifications happen to non-reaffirmed mortgages all the time (including mine!). The real deal is how do you either bring it up with the lender or if the lender comes to you! I would not "bank" on a modification and you should always remember that you could lose the home (especially if your budget situation depends upon a modification).

When I did my loan modification (with BofA), I did not need to do any "trial" period! My modification was approved and made permanent within 3 weeks.

[anderson238]

I received a Loan modification with Chase after Chapter 7 discharge, didnt re-affirm in BK. It suprisingly was a easy process, completed the forms and submitted all the financials they asked for. did the 3 trial payments and received the perm docs 4th month, signed sealed and delivered.
really do your research and submit completed forms....

[ValleYum]

We received a written loan mod offer (no trial period) from Chase after our Chapter 7 discharge and after almost 2 years without a payment. They offered a $50/month reduction (in August 2012) so we said no to them.

We JUST got a DIL recorded this month from Chase on said house. (Info about that in a thread I started here: http://www.bkforum.com/showthread.ph...n-Lieu-Program)