When you are getting a home loan modification is it normal for an outside company to take pictures?

Posted by admin
January 3, 2009
loan modification
jslebod33 asked:


I fell behind in my payments and need to modify or face a possible foreclosure. Someone is coming tomorrow to take pictures–inside and out to help with the evaluation. According to HUD this is normal procedure, but I’m skeptical.

What is Loan Modification
loan modification questions and answers, ,

Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically to your feed reader.

Comments

The appraiser will take photos to show that the house is in good condition. It is common practice.

Comment by Maggie G on January 6, 2009 @ 4:59 pm

The Lender needs to order an appraisal to determine the value of the property to determine if it is in their best interest to enter into a loan mod. Typically these appraisals are done through independent contractors and not necessarily someone who works for the bank.

Comment by Stephanie G on January 9, 2009 @ 1:40 pm
Leave a comment

(required)

(required)