Loan Modification Forum - LoanSafe.org - View Single Post - Behind in payments, seeking Loan Modification

Jim B. · 02-20-2009, 05:09 PM

Thank you for your reply
My loan states that the loan is a 30 year Conv. Jumbo Pay Option Arm, not a 30 year fixed. My loan modification was finalized prior to my option arm resetting, in Sept. of 2008. The Bank Of America AG Settlement/ modification program is for Sub Prime and Pay Option Arms. I am in Oregon, not one of the settlement states. I was told BY Countrywides Home Retention Dept. that I would qualify for a new modification after Dec. of 2008.

When I called Countrywide's Loan Retention Dept. today, they said that I was denied a modification in August of 2008, in fact I have the paperwork for the loan mod which was accepted, signed and delivered in Sept of 2008.

02-20-2009, 05:09 PM	#38 (permalink)
Jim B. Senior Member Join Date: May 2008 Posts: 34 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Equity Deficit, What Now? Thank you for your reply My loan states that the loan is a 30 year Conv. Jumbo Pay Option Arm, not a 30 year fixed. My loan modification was finalized prior to my option arm resetting, in Sept. of 2008. The Bank Of America AG Settlement/ modification program is for Sub Prime and Pay Option Arms. I am in Oregon, not one of the settlement states. I was told BY Countrywides Home Retention Dept. that I would qualify for a new modification after Dec. of 2008. When I called Countrywide's Loan Retention Dept. today, they said that I was denied a modification in August of 2008, in fact I have the paperwork for the loan mod which was accepted, signed and delivered in Sept of 2008.