Loan Modification Forum - LoanSafe.org - View Single Post - Bank of America

dublinwayne · 01-28-2009, 11:51 AM

I'm in recovery as my second got charged off. THey never called me I called them. THey want to settle for $50K down plus $200 over time out of a $500K loan. I've tried offering them $100K, 125K, 150K and $200K (over time) and they've turned them all down.

It's better than the 85% req'd by loss mit., but it still is unaffordable to us. Bongocheetah would love to chat with you in real time to strategize.

01-28-2009, 11:51 AM	#15 (permalink)
dublinwayne Member Join Date: Jan 2009 Posts: 8 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Bank of America - Short sale with collectible Debt I'm in recovery as my second got charged off. THey never called me I called them. THey want to settle for $50K down plus $200 over time out of a $500K loan. I've tried offering them $100K, 125K, 150K and $200K (over time) and they've turned them all down. It's better than the 85% req'd by loss mit., but it still is unaffordable to us. Bongocheetah would love to chat with you in real time to strategize.