Loans, Debt & Credit - View Single Post

anteater · 08-05-2009, 01:10 PM

PAST:
Back in Dec '08 I tried doing the loan mod (current on payments). I had to be pre-screened like this time and once passed I had to fax income verification, bank statements, hardship letter and monthly budget. Didn't hear back from Countrywide (before being bought out by B Of A) till around Feb '09 giving me a big fat NO! I asked why they told me it just wasn't accepted. I asked if I would be late on payments would I have gotten the mod they pretty much said yes without saying yes.

PRESENT:
I just got off the phone with B of A Home Rentention person (still current on payments). Gave him monthly income, car payments and credit card payments. He stated that I passed the screen test due to my negative amortization loan and loss of partial income. I will be getting a call in a couple weeks from B of A once they run my numbers with the investor of my loan for modification if any. Now the waiting begins...tic...toc...tic..toc...........

08-05-2009, 01:10 PM	#10 (permalink)
anteater Member Join Date: Aug 2009 Posts: 13 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Loan Mod on Current Pay Option Loan PAST: Back in Dec '08 I tried doing the loan mod (current on payments). I had to be pre-screened like this time and once passed I had to fax income verification, bank statements, hardship letter and monthly budget. Didn't hear back from Countrywide (before being bought out by B Of A) till around Feb '09 giving me a big fat NO! I asked why they told me it just wasn't accepted. I asked if I would be late on payments would I have gotten the mod they pretty much said yes without saying yes. PRESENT: I just got off the phone with B of A Home Rentention person (still current on payments). Gave him monthly income, car payments and credit card payments. He stated that I passed the screen test due to my negative amortization loan and loss of partial income. I will be getting a call in a couple weeks from B of A once they run my numbers with the investor of my loan for modification if any. Now the waiting begins...tic...toc...tic..toc...........