Loan Modification Forum - LoanSafe.org - View Single Post - Is there still no one with a modification offer on the dec. 1???

jager · 01-11-2009, 04:50 PM

Serene,

Now that you are 4 months late, you still haven't received a letter of Intent to Accelerate? Is that because your loan modification work out is still processing? How many months can one be behind payments for a foreclosure to kick in?

I am 2 months behind and have just applied for a loan modification last week - status is processing to date. From what I have been reading, it's taking too long to process. Is there other alternatives while we wait for CW to make a decision? Input would be greatly appreciated. Thanks!

01-11-2009, 04:50 PM	#12 (permalink)
jager Senior Member Join Date: Jan 2009 Posts: 35 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is there still no one with a modification offer on the dec. 1??? Serene, Now that you are 4 months late, you still haven't received a letter of Intent to Accelerate? Is that because your loan modification work out is still processing? How many months can one be behind payments for a foreclosure to kick in? I am 2 months behind and have just applied for a loan modification last week - status is processing to date. From what I have been reading, it's taking too long to process. Is there other alternatives while we wait for CW to make a decision? Input would be greatly appreciated. Thanks!