FAQ > Loan Modification FAQ's > Should I skip payments and be late to increase the likely hood of a Loan Modification?
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No, the goal is to preserve your home and credit status and late payments do not help meet those goals. The Law Center may be able to obtain the result you are looking for without late payments. The latest government plan includes monetary incentives to lenders to modify homeowners who are not late, but are in danger of default late payments may not be necessary.
Last updated on May 12, 2009 by Administrator