Loan Modification Forum - LoanSafe.org - View Single Post - Bank of America-H4H or modification?

HopingtoFind · 01-17-2009, 02:54 PM

We have been working with BofA on several of our loans.... I understood from talking to several analysts is that you would need to have a small deficit to be approved for modification. If you have a big deficit they will not consider you.... BofA wants to see a surplus after modification..

01-17-2009, 02:54 PM	#5 (permalink)
HopingtoFind Senior Member Join Date: Oct 2008 Posts: 641 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Bank of America-H4H or modification? We have been working with BofA on several of our loans.... I understood from talking to several analysts is that you would need to have a small deficit to be approved for modification. If you have a big deficit they will not consider you.... BofA wants to see a surplus after modification..