Can the lender include late charges in the Loan Modification?
Actually, the late charges accrued should be waived by the lender at the time of the loan modification per HUD. Question: Can the lending institution require an interior inspection of the property if they have questions or concerns about the condition of the property? The lender may conduct any review at any time that it feels is necessary to verify the property does not have any physical conditions that would negative impact the value.
