Although not in effect at the time of the crime charged, following new legislation New York State law now prohibits up - front monies from being paid
for loan modification applications.
Banks like Wells Fargo have responded by ramping up staffing to accommodate the volume
of loan modification applications and adapting new technology to minimize multiple requests for documents.
One of our recent AMAP (Ark's Mortgage Assistance Program) clients went through a terribly long and drawn out mortgage
loan modification application process, until he finally called us for help.
According to Massachusetts law, the borrower needs to make a good faith effort to respond to a creditor's notice, which includes a completed mortgage modification options form and a
completed loan modification application.
No guarantee regarding the success of
your loan modification application is made or implied.
So they went away and prepared
his loan modification application all over again.
A class action lawsuit filed on Oct. 7 alleges that mortgage servicer Specialized Loan Servicing (SLS) improperly processed
loan modification applications for customers in California that often led to overpayments on the loans and unjust foreclosures of the borrowers» homes.
A foreclosure attorney can help in many ways — from fighting the foreclosure in court to pushing a bank to consider
your loan modification application to assisting you with a short sale.