Answer:
It would be a modification of the loan contract. Questions regarding modifications to your loan contracts should be forwarded to legal counsel.
First published on BankersOnline.com 2/25/13
How to Change Due Date w/o Modifying Loan
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Question:
Question is related to Mortgage Servicing of 1-4 Fam Residential. What regulation comes into play when a borrower is requesting to have their due date changed? Should loan be modified or is there a simpler way to change the date?
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