The Lender makes first offer. 19. We discuss the offer with our client (homeowner) and we make a counter offer. 20. The Lender makes a counter to our counter. This may go on for days. 21. Finally, all parties agree on the loan modification terms and conditions. 22. The Lender wants to talk to borrower to go over conditions...
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The Lender wants to talk to borrower to go over conditions. 23. We receive written conditions from the Lender 24. We review conditions to make sure it is the terms discussed. This is where a "Loan Mod Do It Yourselfer" gets hammered. They are not savvy to the hidden terms 25. The deal is signed by borrower and returned to the lender...
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