| Re: Bank of America loan mod - not in distress yet, but worried about the future
Well, I finally got through to the B of A Homeownership Retention Team, but the agent told me that since I'm not actually in distress, there is nothing I they can do for me. She said that I should pursue refinancing through conventional channels. However, I already looked into this and since my loan-to-value is too high (and getting higher due to falling home values), I can't do this without somehow paying off a large chunk of principal, which I can't afford.
Maybe I should try the email-to-the-execs approach now, yes? |