Can the bank forclose your house while in the loan modification process??? (waiting for docs in the mail)
Report Abuse
Posted By: on May 06, 2010 10:04AM
A: They are not supposed to but yes they can. If you hired a professional to assist your with your modification they can generally avoid this from happening. If the bank did foreclose on your property while you were in the process of a modification I would suggest calling and asking for the REO department and writing them a letter asking for the decision to be overturned while the modification comes to a conclusion.