Loan Modification Forum - LoanSafe.org - View Single Post

ILResident · 07-02-2009, 06:22 AM

Thanks for your response!

I understand the program to work just as you stated, that one receives the Forbearance plan only if you do not qualify for HAMP. Problem is I don't know if I was evaluated or not. When I called BOA the rep in the Office of the President couldn't answer that question either. She stated that I had been granted the Forbearance plan and that if I chose not to take it then I would proceed directly through foreclosure.

I'd really like to know whether or not my loan can be modified and what the new payment amount would be. Obviously if I can't afford it theres no point in giving them $4500 just prior to a foreclosure.

Any ideas on how I can get any more information? BOA claims they know nothing more than what they have told me.

Thanks!

07-02-2009, 06:22 AM	#4 (permalink)
ILResident Member Join Date: Apr 2009 Posts: 10 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: BOA and Making Home Affordable Program Thanks for your response! I understand the program to work just as you stated, that one receives the Forbearance plan only if you do not qualify for HAMP. Problem is I don't know if I was evaluated or not. When I called BOA the rep in the Office of the President couldn't answer that question either. She stated that I had been granted the Forbearance plan and that if I chose not to take it then I would proceed directly through foreclosure. I'd really like to know whether or not my loan can be modified and what the new payment amount would be. Obviously if I can't afford it theres no point in giving them $4500 just prior to a foreclosure. Any ideas on how I can get any more information? BOA claims they know nothing more than what they have told me. Thanks!