[t2weati]

Kozak, that is the personal conclusion I have drawn from reading these threads (I don't know it to be fact)...if there is a deficit you will likely be denied because the bank thinks a modification will not give you enough of a surplus to succeed in maintaining the loan payments...even with a mod, you would still be considered "at risk" if the mod only improves your deficit to somewhere between break-even and $250 surplus. If there is too much surplus (over $250/month), they will think you have enough money to make the payments and you will be denied as well because you are "not at risk". It seems that there is a fine line between being close to breaking even, yet still being a little ahead... Looking at it from the bank's perspective, if they approved a mod for someone who is slightly positive (+$100 to $250), the mod will allow for a slightly larger surplus and the borrower would have better chances of keeping the loan current because it would place them in the $250 and over "not at risk" catagory. Again, this is my opinion from the conclusions I have drawn from reading through many threads.