Loans, Debt & Credit - View Single Post - CW/BofA refuses to help w/mod after repayment period

w.davis · 07-09-2009, 07:28 AM

The submission was based on what our mortgage payment was before we started the loan mod. process....which by the way was less than what they're offering the loan mod. at.....$2700 on the first loan! So now they're increasing the payment to $3100 so if they reviewed our income submission BofA should take into account that with the mortgage payment at $3100 it would definitely leave us in the negative! But the negotiator won't budge....she keeps saying the investor is the one who is denying it. I could contact NACA but that would take another 4 weeks or more and I'm afraid we really don't have that time to start the process over.

07-09-2009, 07:28 AM	#5 (permalink)
w.davis Senior Member Join Date: Sep 2008 Posts: 33 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: CW/BofA refuses to help w/mod after repayment period The submission was based on what our mortgage payment was before we started the loan mod. process....which by the way was less than what they're offering the loan mod. at.....$2700 on the first loan! So now they're increasing the payment to $3100 so if they reviewed our income submission BofA should take into account that with the mortgage payment at $3100 it would definitely leave us in the negative! But the negotiator won't budge....she keeps saying the investor is the one who is denying it. I could contact NACA but that would take another 4 weeks or more and I'm afraid we really don't have that time to start the process over.