in a lot of research that I am finding - it seems like it is
not a very long process really. sooo - let's say that I have talked to the lender and received approval for lesser amount due - or for loan modification... what happens next? I mean I am thinking that I would do the no money due till approval, but I am thinking - if I receive an approval from the lender - what are the steps at that point till finish - to know it is going through? I guess this goes along with my question yesterday on if there are contracts - or if there is a closing then that is scheduled? would it behoove me to actually call a lender and ask what their process is then? I have read that on the hud - that you can actually get paid by the lender instead of the borrower (how does that get figured?)- but if the case is that there are no docs, then how would that be structured? & also that you can put payment for services in escrow, so if lender doesn't pay - then the money is there at end for payment - any ideas? I read a loss mitigation company out of Florida does that (collects from lender on HUD), and I am just wondering how that would go. It seems that they do that for the actual homeowners when they come to their site, vs if an attorney or bank / lender were to retain their services. I am "right" there - I have been "living" on the computer researching this.... thanks ahead of time for your help
I am headed to research NODs today at the county clerks
yay getting started taking the bull by the horns
loss mitigation - closings - HUD?
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