Unfortunately, we are encountering more situations where a homeowner has finally received a loan modification, only to have the loan “transferred” to another servicer who will not acknowledge or honor the modification.
In this situation, lenders often run afoul of federal laws relating to mortgage loans. Under federal law, a lender is required to explain why an applicaton for a loan has been denied, especially when it has been granted and later revoked. If this has happened to you, seek legal help. The time limits for seeking legal remedy for these situations is short.