I’m listening, now modify this the right way!

In the Loan Modification process, there are a few questions that will not go away without proper answers…

If you are not aware if the modification that you sign may pre-empts your rights, is it a true beneficial modification?

I’m asking, are the lenders once again shirking the responsibilities and duties by not explaining?  They just send out these new “NOTEs”…

I mean, this new modification actually is a new NOTE, that should supersede to take the place of the Old NOTE, shouldn’t it?

What happens to the Old NOTE, really?  Because this new NOTE, does not seem to give consumers their right of redemption, it seems to pre-empts or negates the right of the consumers?

Should a lender’s closing agent or third party closer, who understands and can explain the New NOTE to the consumer, be present at the signing of this new NOTE?

Hey, I have questions too…I’m listening, but unfortunately the Lenders won’t give true answers.