Question:

Possible Breach of Contract?

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I recieved a mortgage loan modification back in May. The stupulation was that I would resume my monthly payments "immediately". I would start repayment on the rearrage begining in December of this year. When I called the mortgage company June 1st to make a payment, I was told that I only needed to pay the late fees for the month of June. A regular payment was not due until July. However, the regular payment had been increased almost thirty dollars. This is oboviously not resuming my monthly payments!!! Does anyone out there view this as a breach of contract?

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  1. This would depend on what your original contract stated. Most mortgage companys depending on your escrow can increase or decrease your mortgage at any time! I would review all docs you have, especially the ones you signed!

    Good luck!

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