Morgan Stanley allows no mortgage modification

CR in Georgia said: “I have been working with my lender for well over a year trying to get my mortgage modified. Due to a serious illness, I have been unable to pay my mortgage. I sent in all required and asked for information in hopes of getting my loan modified. I kept getting turned down. This year I went to a NACA sponsored event in California and met with my lender. They informed me that the investor (Morgan Stanley) had me in a type of mortgage that allows no changes (modifications) to my loan.

That means no interest rate reduction, nothing. There is nothing that I can do. If I don’t bring my loan current soon I will be foreclosed on. Has anyone heard of this, and is there anything I can do?”