terms that represent, or try to evoke images or experiences of specific, tangible objects or entities. Concrete terms are usually thought of as opposed to abstractions or generalizations. External conflicts have outside action such as man against man, man against nature, man against fate.
- Borrower must receive servicing transfer statement at least 15 days before effective date of loan transfer-Borrower cannot be penalized for making a timely payment to prior servicer within 60 days of loan transfer-Records must be retained for 3 years for revised GFE; for 5 years for HUD-1s, escrow accounts, and AfBAs.
If the mortgage loan is secured by a second home or an investment property, it must be at least 60 days delinquent. The mortgage loan must have been originated at least 12 months prior to the evaluation date for the mortgage loan modification. The property must not be condemned or abandoned as determined by applicable law. The borrower must have an eligible hardship in accordance with Form 710.