Does a 2nd Mortgage Have to be Late or In Default to be Modified Under 2MP

by Dan
(Minneapolis)

2MP HAMP Question: Does a 2nd have to be late or in default to be modified under 2MP.?

Mortgage Loan Modification Answer:

The answer is No. Your second mortgage does not have to be late or in default to be modified under 2MP. In order to qualify, you need only to follow the 2MP HAMP Guidelines to be considered for this program.

If you meet all the criteria listed in the link above for 2MP, you can move forward with your application right away.

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