[annejojo]

Hi all, I'm new to this forum and while I have not been successful at a loan modification just yet, I want to thank everyone on this forum since it has given me so much hope and support.

I bought a condo back in 2006 (peak prices) with my boyfriend who I was going to marry. After one year living together at the condo, we called it quits. I know, stupid thing to buy before you get married but I cannot take it back now. The agreement was I would own the condo so I returned all the money he put into the condo, every penny. I have been trying to refinance for over 1.5 years now and it has been impossible w/out putting a huge chuck of money down that I do not have. Since then, I have been trying to do it all on my own but the condo has significantly depleted my savings. Soon after that, I had a significant reduction in my income since my company is also experiencing hardship. I shared this with a friend who told me about loan modifications. Soon I started my research and this is how I found this great forum. I faxed all my paperwork back in April to bofa and after 3 months, they put me on forbearance. Currently I'm awaiting for the forbearance period to end so I can have a negotiator assigned to my case. I have one MAJOR question. Rozuki/anyone, if you can help me, I appreciate it. First and foremost, I need to lock into a 30 year rate at which I can afford (I am going to have to foreclose at this current rate). Secondly, which leads to my actual question, most loan modifications will not remove a person from the loan? How can I approach the bofa rep who will be assigned to my case to see if a loan mod is possible and if so, how we can remove his name from the loan. All the info I have submitted to bofa up to this point has excluded him. Besides his name on the current loan, all the money and time I have put into my condo is from me. Also, he recently got married so it is in the best interest to remove is name. I would appreciate any help/suggestions.

Thank you!