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so-cal-gal · 09-05-2009, 11:12 PM

From what I have read, if you are working directly with BofA, they INSIST on trying ALL other mods BEFORE the MHA mod.

Don't ask why. It may be that they can't waste as much time if they start out trying MHA or maybe MNA generates a better result for the borrower.

If you want to get into a MHA mod, approach that program via the HOPE program. You can go directly into that process. The counselor will generate a package that goes to BofA for that program.

I have to admit BofA might still try to substitute processing for a different mod but if you tell the counselor to really try to get them to process for the MHA and that BofA personnel can not tell you what program has already been tried, they will likely really try to get BofA to spring for an MHA mod.

It is worth a try.

09-05-2009, 11:12 PM	#4 (permalink)
so-cal-gal Senior Member Join Date: Jul 2009 Location: San Diego, CA Posts: 710 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: What does a negotiator know????? From what I have read, if you are working directly with BofA, they INSIST on trying ALL other mods BEFORE the MHA mod. Don't ask why. It may be that they can't waste as much time if they start out trying MHA or maybe MNA generates a better result for the borrower. If you want to get into a MHA mod, approach that program via the HOPE program. You can go directly into that process. The counselor will generate a package that goes to BofA for that program. I have to admit BofA might still try to substitute processing for a different mod but if you tell the counselor to really try to get them to process for the MHA and that BofA personnel can not tell you what program has already been tried, they will likely really try to get BofA to spring for an MHA mod. It is worth a try.