Does Modification show on CR if no reaffirmation?

[NanaOf11]

We are trying to improve our scores for a future refi on our mortgage. We are current but still heading deeper in dept with the loan because of neg amortization. Wachovia/Wells Fargo would not modify or reairm our mortgage in our ch7 so none of our payments now are showing on our CR or helping rebuild our score.

My question is....

If we are able to modify, might it then show & if so as a modification (negatively) or a new loan or what?

[Amy26]

Generally speaking, you cannot modify a discharged loan because it no longer exists. I have read a few people on the forum getting their mortgage company to modify a discharged loan but I am not aware of the details. The only way it would ever show up on your credit report is if they redo loan papers, you sign something, etc...you'd have to get like a whole new loan.

[NanaOf11]

Generally speaking, you cannot modify a discharged loan because it no longer exists. I have read a few people on the forum getting their mortgage company to modify a discharged loan but I am not aware of the details. The only way it would ever show up on your credit report is if they redo loan papers, you sign something, etc...you'd have to get like a whole new loan.

That is what I thought, but why would WF tell our attorney to contact them after the discharge for modification? Makes no sense to me!!

[Amy26]

Hmm... dunno... guess its worth a look into if you really wanna keep the property. But I don't know what the likelyhood would be. They may infact do some kind of mod on it but it may not reflect on your credit report.