Posted on: 13th Jun, 2009 05:07 pm
After you send in your paper work and your hardship letter how long does it normally take before you hear if you qualify for loan modification. I am working with a councler and it has been 3 weeks and I havent heard anything. I am very far behind. The mortagage company had put me in forclosure. I know that was stopped but now I am getting a bill which they had not sent in months
Hi
There is no specific time frame within which the lender approves theloan modifcation. The time varies with different lenders. However, it often takes a month or two to get any response from the lender regarding the approval of the modification. Stay in touch with the mortgage company to keep yourself update with the situation.
There is no specific time frame within which the lender approves theloan modifcation. The time varies with different lenders. However, it often takes a month or two to get any response from the lender regarding the approval of the modification. Stay in touch with the mortgage company to keep yourself update with the situation.
Guest,
Welcome to the forum
It changes from bank to bank. But is atleast 6 - 8 weeks
Good luck and feel free to ask
Welcome to the forum
It changes from bank to bank. But is atleast 6 - 8 weeks
Good luck and feel free to ask