Loan Modification Forum - LoanSafe.org - View Single Post - Two homes and the Making Home Affordable Program.

Harasboa · 07-03-2009, 08:35 AM

I just called BOA and gave them all of my income/expense information over the phone to try to get a loan modification. The representative informed me that I didn't qualify for any programs, including the Making Home Affordable. She stated that even though Freddie Mac owns my loan I don't qualify because I own another home (which I don't make money off of, mortgage higher than rental income). I missed my first payment this June, and was informed not to make a partial payment. What should my next steps be? Should I give up?

07-03-2009, 08:35 AM	#1 (permalink)
Harasboa Member Join Date: Jun 2009 Posts: 8 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Two homes and the Making Home Affordable Program. I just called BOA and gave them all of my income/expense information over the phone to try to get a loan modification. The representative informed me that I didn't qualify for any programs, including the Making Home Affordable. She stated that even though Freddie Mac owns my loan I don't qualify because I own another home (which I don't make money off of, mortgage higher than rental income). I missed my first payment this June, and was informed not to make a partial payment. What should my next steps be? Should I give up?