Just spent an hour on the phone was a HAMP program housing counselor and thought I would pass along something he shared with me. He claims that as of June 1, 2010 lenders are required to evaluate any loan modification applications from borrowers who are in an active bankruptcy. He said that authorization is not necessary from the Trustee or your attorney to process the application. He also said that there is a new requirement to communicate a decision within 30 days.
Of course, after what I've been through the last 10 months I'm not going to take his word for it. I'll see if I can find any written confirmation. In the meantime I thought I would throw it out there and see what the folks on the forum have heard.
Of course, after what I've been through the last 10 months I'm not going to take his word for it. I'll see if I can find any written confirmation. In the meantime I thought I would throw it out there and see what the folks on the forum have heard.
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