Loan Modification Forum - LoanSafe.org - View Single Post - B of A Loan mod application

tejasp · 07-08-2009, 11:06 AM

Thanks guys for the clarification and quick response.
When the bank asked me for my income and exp i supplied them with a negative of $ 500.00
so my question here is that do you have to be in surplus before the mod could be considered or you have to work out a plan according to the bank to be in surplus after the mod?
the analyst at BOA said that after the mod they would like to see a 10% surplus of my net income.
Also everytime i call for a status there is someone new to pick up the phone and they go over my financials again and again with me - is this normal? are they just trying to frustrate the crap out of clients and make them go away?
please advice guys

07-08-2009, 11:06 AM	#4 (permalink)
tejasp Junior Member Join Date: Jul 2009 Posts: 2 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: B of A Loan mod application - Help Thanks guys for the clarification and quick response. When the bank asked me for my income and exp i supplied them with a negative of $ 500.00 so my question here is that do you have to be in surplus before the mod could be considered or you have to work out a plan according to the bank to be in surplus after the mod? the analyst at BOA said that after the mod they would like to see a 10% surplus of my net income. Also everytime i call for a status there is someone new to pick up the phone and they go over my financials again and again with me - is this normal? are they just trying to frustrate the crap out of clients and make them go away? please advice guys