I am afraid that the loan modification does not stop the foreclosure unless the bank will tell you in writing they will stop the foreclosure. The common tactic with these lenders is they drag out the modification and ultimately foreclose and many times it is an unfair and deceptive practice
that many consumers just do not have the money to legally pursue against them. However, they can indeed foreclose while promising the modification and if they tell you otherwise, tell them to send it to you in writing.
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