Quote:
Originally Posted by JennaGG  I know I'm hijacking this but I have a question on that.
We have a loan through BOFA as well. We are trying for a modification through the MHA plan. We were under the impression that the 1st payment we made, the one that said if you want to do the modification send us X amount immediately, was considered to be the 1st of the 3 payments.
Are you saying that is not the case & the we are required to send in that initial payment PLUS the 3 payments?
Thanks.
Jenna |
That first payment that you send in response to the letter does start the ball rolling but even though there are supposed to be only 3 trial payments between you and the permanent mod we have seen it stretch out as long as 6 months. Don't worry about counting the payments, just keep on making them. You will eventually get the paperwork for the permanent mod and the payments will be very close if not exactly the same as the trial period payments.