My loan was with Citimortgage and was sold off to a hedge fund with SLS as the servicer.
I had to start the loan mod process over. They keep telling my I am 8 months late (since it was over 8 months ago that I started this process with Citi)
I had been making citi's trial payments -but I guess those don't count. I have not made any payments to SLS since the loan was sold (it's non recourse and I don't want to throw money away if they won't give me a mod)
So I am now being told that tomorrow my loan MAY start the foreclosure process.
Does anyone know if they are allowed to do this while in the mod process? I have a non-hamp loan and we are waiting on the escrow analysis from SLS. Who decides to start the process -SLS or the investor?