What are my rights if I am denied a loan modification?

If you have been denied a loan modification in West Virginia, you have certain legal rights that you can exercise. Your first right is to be notified of the denial in writing. The lender must provide you with an explanation of the reasons for the denial and must include details such as the terms of the loan agreement that were violated. Your second right is to appeal the decision within 30 days. The appeal process requires you to send a written request outlining your reasons for appealing the decision and citing any additional information that might influence the lender to reconsider the loan modification. Your third right is to seek legal assistance. If the lender does not reconsider the loan modification after your appeal, you may be able to file a lawsuit with the help of a qualified foreclosure defense law attorney. An attorney can provide you with legal advice and can help you build your case. Finally, your fourth right is to consider other options. Even if a loan modification is not possible, you may be able to negotiate with your lender to restructure your loan. You may also be able to utilize state or federal assistance programs to help you pay your mortgage. No matter what option you choose, it is important to remember that you have rights under West Virginia foreclosure defense law. Be sure to take your time to explore all of your options and seek legal advice before making any major decisions.

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What are my rights if I am denied a loan modification?

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