Loan Modification Forum - LoanSafe.org - View Single Post - Bank of America loan mod -SUCCESS!!

HopingtoFind · 12-24-2008, 01:33 PM

Well we had some good news today! A lady from Bank of America called and said that they will be reducing our HELOC payment (this is on a different property) by 75% and we should receive documents in the mail shortly. The amount of our HELOC is $90,000k and I think it should reduce the payment by about $300. This is of course a current hardship for us and the $90k if pretty much unsecured as the value of the property is at most what we owe on the 1st.

I think this was as a result of emailing the executives at Bank of America.
Now I am thinking I should have mentioned the 1st and 2nd on this property as well...

12-24-2008, 01:33 PM	#36 (permalink)
HopingtoFind Senior Member Join Date: Oct 2008 Posts: 635 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Bank of America loan mod -SUCCESS!! Well we had some good news today! A lady from Bank of America called and said that they will be reducing our HELOC payment (this is on a different property) by 75% and we should receive documents in the mail shortly. The amount of our HELOC is $90,000k and I think it should reduce the payment by about $300. This is of course a current hardship for us and the $90k if pretty much unsecured as the value of the property is at most what we owe on the 1st. I think this was as a result of emailing the executives at Bank of America. Now I am thinking I should have mentioned the 1st and 2nd on this property as well...