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ILResident · 07-02-2009, 10:26 AM

Yes I have checked and rechecked all the eligibility requirements for HAM and I meet every single one. Also Fannie Mae does own my mortgage. When I talked to BOA the other day the only thing she would tell me was that "I have been approved for the HomeSavers Forbearance Program". When I asked her if I had been evaluated for HAM she did not respond to that direct question. Instead she said this is the program the investor offered you. I said if I don't agree to this then thats it, the foreclosure will occur and she said yes. I asked her if there was any other information available or someone else I could talk to and she said no. She then said that if I had additional questions to call the number on the Forbearance contract as she had no knowledge of that program and had never even seen the letter. I did so and they had no additional information to offer either.

I just don't know how to proceed at this point. If I sign the Forbearance then I get to pay $4500 over 6 months to MAYBE modify my mortgage (no mention if it would be HAM). If I don't, the house goes straight into foreclosure. I have the ability to keep my home (should it be evaluated under the HAM standards) and I stressed and restressed that to no avail. I'm at a loss at to where to go from here. Any ideas and/or opinions would be greatly appreciated.

07-02-2009, 10:26 AM	#6 (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 Yes I have checked and rechecked all the eligibility requirements for HAM and I meet every single one. Also Fannie Mae does own my mortgage. When I talked to BOA the other day the only thing she would tell me was that "I have been approved for the HomeSavers Forbearance Program". When I asked her if I had been evaluated for HAM she did not respond to that direct question. Instead she said this is the program the investor offered you. I said if I don't agree to this then thats it, the foreclosure will occur and she said yes. I asked her if there was any other information available or someone else I could talk to and she said no. She then said that if I had additional questions to call the number on the Forbearance contract as she had no knowledge of that program and had never even seen the letter. I did so and they had no additional information to offer either. I just don't know how to proceed at this point. If I sign the Forbearance then I get to pay $4500 over 6 months to MAYBE modify my mortgage (no mention if it would be HAM). If I don't, the house goes straight into foreclosure. I have the ability to keep my home (should it be evaluated under the HAM standards) and I stressed and restressed that to no avail. I'm at a loss at to where to go from here. Any ideas and/or opinions would be greatly appreciated.