Homeowners often want to know how to determine if their home loan application is NOT in active review status. Here are some tips to identify whether your home loan modification is in active review.
If you receive a Notice of Intent to Accelerate Foreclosure, Notice of Default or Notice of Trustee Sale after you have submitted your loan modification application, then your modification application is NOT in active review.
If your account representative is requesting additional documents such as bank statements, pay stubs, updated forms, applications, letters of explanation, etc., then your modification application is NOT in active review.
If your loan modification has not been approved within 30 days of application submission, then your modification application is NOT in active review.
If you have not been approved for a trial payment plan within 45 days of your application submission, then your modification application is NOT in active review. READ MORE
http://www.losangelesforeclosures.biz/home-loan-modification/
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