There is a New Supplemental Directive 10-02 which takes effect 6/1/10 states that if you submit a HAMP loan mod request at least 7 days before the foreclosure sale date, the loan servicer must suspend the sale to evaluate the papers. There are some exceptions to the suspension rule including failure to make trial mod payments after receiving a HAMP offer and borrowers already determined to be ineligible.
One should not delay submission of the package even for one day if the foreclosure date has been set. This law office is very efficient when it comes submission of any papers work, financial information and than we continue contacting the lender until a loan modification is done. This matter should not be procrastinated at all. Afterall, this is your home. Once, we submit the papers, the lenders become very cooperative in all matters.