I am so on board with this approach. I would rather bank my mod payment and risk having to find new digs. Either they are going to reduce my principal or I am walking away anyway. We are months away from foreclosure as we are just on the first month of our early workout temporary mod. Another comment regarding the news on the Merrill Lynch $10b in bonuses handed out during the holidays (while I was sweating it out on hold with
CW... ho,ho,ho). If BofA would seize that money from the ML execs and use it to pay for truly modifying all of the
CW bad paper, they would have money left over. Get all of us off their phones and stop all this innane paper shuffling.