Loan Modification Forum - LoanSafe.org - View Single Post - NACA/CW/BofA June Restructure Submissions

ama125 · 07-07-2009, 01:59 PM

If your first mortgage is being modified under the Home Affordable Modification Program (the Obama plan), than the second lien must also be modified as long as the servicer of that loan is participating in that program. I am not working with NACA myself so I do not know what kind of modification they are pursuing on your first. I would definitely try to find out if your first is being modified under the Obama plan and also find out who owns your second mortgage and check that they are also participating in the Obama plan.

07-07-2009, 01:59 PM	#91 (permalink)
ama125 Senior Member Join Date: Jun 2009 Location: Reading, PA Posts: 1,494 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions If your first mortgage is being modified under the Home Affordable Modification Program (the Obama plan), than the second lien must also be modified as long as the servicer of that loan is participating in that program. I am not working with NACA myself so I do not know what kind of modification they are pursuing on your first. I would definitely try to find out if your first is being modified under the Obama plan and also find out who owns your second mortgage and check that they are also participating in the Obama plan.