| Re: loan modification initiation for a negative amortization loan
Hi SoCalresident,
Welcome to the forum and thank you for joining............
You dad would need to contact Bank of America to see what options there are on the type of loan that he has............I am not sure that they will forgive the negative amortization added to the principal because that is adding up from paying less than the interest only option..........
Try calling
1.800.720.3758
to see what options there are.
__________________ Moe Bedard
Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog"  Get My FREE Loan Modification E-Book | Please donate to LoanSafe.org | Loan Modification Training For Attorneys | Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here. |