Question:

Hello, I have been pre-approved for a BAC home loan mod. I just found out that I have a judgment lien on my property from another creditor. I know BAC does a lien search. Will I be declined for the mod due to a none mortgage lien?
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Answers
Posted By: pjb on Jun 12, 2010 10:00PM
A: actualy i just received a pre-appproved letter from bac home loan for a mod also, and it clearly states on there that they will do a lien search once the paperwork is signed and i am assuming that if there is a lien they will decline the mod???? just my thought since i am looking at my paperwork and that is mentioned????
Posted By: loanmodpro on Dec 01, 2009 11:17AM
A: First off, how did you find out about the judgement? Secondly, I am sure that BAC already ran a title search and even with that, they decided to approve your loan modification, so I think you should be OK just moving forward with the modification.