How to Delay a Mortgage with a QWR

You have a right to a timely and thorough response to your written inquiries. Banks wish you never heard of a Qualified Written Request (QWR). Under Section 6 of RESPA is a requirement that lenders must acknowledge your inquiry within 20 days and respond thoroughly to your inquiries within 60 days. This request for a modification, there is a way to hold their feet to the fire. By sending a qualified written requestsuch as your hardship letter, request for additional concessions and request for itemization of feesyou force the banks to respond in a timely manner. This gets you priority in an overworked or understaffed loss mitigation department.