Agent2Agent in 92660>Question Details

Phil R,  in California

can anyone recommend an article or anything in writing I can show my clients, that if their loan?

Asked by Phil R, California Tue Mar 10, 2009

modification is denied, the foreclosure clock doesn't re-set. There is a misconception that the foreclosure process will start over and over again as they apply for a loan modification. I need some written information on this, from a reputable source or preferable a state association or NAR.

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Phil,

I have something better. An actual letter from one of our most prolific foreclosure attorneys in the Louisville/Cincinnati area who I recently dealt with on a client's foreclosure and loan modification request. The letter from LS&R Attorneys specifically states that the foreclosure action will not stop until a loan modification, if any, has been granted from the lender. Send me your email address & I will send it to you as a .pdf attachment. As an aside, the client received the foreclosure civil summons action from the courthouse during the time frame they were seeking a loan modification. The lender eventually agreed to a fantastic modification for my client and the foreclosure action was dismissed this week. It can work out.

Thanks,

Ron Griffin, Realtor
The Hollinden Team
Top 1% of ERA Realtors World-Wide
ERA Kepple Keene Realtors
We will sell your house, or ERA will buy it.

Contact me direct at 502-396-9624 or email at Ron@HollindenHomes.com

Search for homes at http://www.ERALouisville.com
0 votes Thank Flag Link Wed Mar 11, 2009
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