Is there anything that can be done about a deferred loan modification?

Originally posted by @Peter Cogliano :

Is there anything that can be done about a deferred loan modification?

What is a "deferred" loan modification?

What do you mean is there anything that can be done? The deferred balance will need to paid when the property sells. A deferred modification is a good modification relative to what most borrowers get. If the home is upside down then there may be a chance at settling it as a 1st mortgage settlement or a short sale. If the home has equity the chance of getting something better than a deferred modification that is implemented already is likely not possible.