I thought I had a Loan Mod . . . Then the Servicer Changed


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.

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