We just received another Loan Modification Approval this time it's Aurora Loan Services.
Borrower is going from a payment of $3,227.38 to $1,679.30. Please read the APPROVAL it
states that as long as the borrower makes the payment on time the Permanent Loan Modification
will go through. This is what many banks and lenders are doing first they verify everything you submit
when you apply for a loan modification (income)and from there you will either get a denial or an approval.
This is the 2nd of the current modification approvals we have seen this month where the banks are doing this.
In my professional opinion I like the way it's being reviewed since it stops the slow down of the review period and now you know that if you qualify for a trial payment then you will usually get a loan modifications finalized. The only banks that I see doing the loan modification process correctly is Chase and Aurora. Hopefully Citi Mortgage and Bank of America will be shamed into doing the right thing really soon! but I doubt B of A will get it check this out (http://www.piggybankblog.com)it should be a crime what some of these banks are doing to homeowners.
Let's get started today!
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