This is my first time posting so please excuse the post if it's wrong or in the wrong place
I have not made a payment on my account since May 08 due to an error with a c/w rep not submitting a request for loan mod at that time. I was told my account was flagged for the 12/1 program and have sent my paystubs and bank statements 3 separate times. I finally received a fed ex package yesterday and here is what they offer: They are adding all the past due payments to the balance increasing my balance owed from $258,000 to $292,000. My payments goes up from $1868 to $2162 (no escrow account) and my interest rate is now 7.75 instead of 7.25 which I was at before. My first payment would be 4/1. The documents are signed HOPE department. Does this sound like a good offer? I know you probably need a ton of info from me to answer my question, but any feedback would be greatly appreciated.