Option One Loan Modification Process
Option One Mortgage Company is a subsidiary of H&R Block, and is the largest servicing company in the country for sub-prime mortgages. Due to the high rate of foreclosures associated with their customers, the company has established the Option One loan modification program.
Because of their immense size, the loan modification process through Option One is very long and can be quite difficult. On average it is taking three to four months to gain approval, in some cases six or more.
The best way to avoid delays in the loan modification process is to make sure that all paperwork is submitted in a timely manner. Paperwork delays are the most common cause for delay. Experienced attorneys could help to ensure all is in order.
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Other Debt Solutions
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