Lender Insisting on "Court Approval" of Loan Mod
Posted: Thu Dec 22, 2011 11:02 am
Bank of America is concerned about violating s362 and wants a letter of authorization to deal with the client. In the past I have given a letter authorization to banks to deal directly with Chapter 7 clients attempting a loan modification. I see the loan mod discussion form 4001-1.6 is optional. Does anyone know if Judge Riblet signs off on these orders?
I don't see any problem authorizing the bank to deal directly with the client, given we are working under a limited scope of appearance declaration anyway.
Best regards
Larry Webb
State Bar of California 229344
Central District California
"A Debt Relief Agency"
Larry@webbklaw. com
Law Offices of Larry Webb
484 Mobil Ste 43
Camarillo Ca 93010
P 805.987.1400
F 805.987.2866
C 805.750.2150
ancy Clark
Sent: Tuesday, November 01, 2011 3:55 PM
To: cdcbaa@yahoogroups.com
Subject: RE: [cdcbaa] Lender Insisting on "Court Approval" of Loan Mod
Court has a new form regarding loan mods. It allows discussion. I think they made the form to satisfy the judges who were nervous of about approving loan mods. Check the courts website.
Thank you,
Nancy B. Clark
100 N. Barranca Ave, Suite 250
West Covina, CA 91791
Tele: (626) 332-8600
Fax: (626) 332-8644
www.blclaw.com
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