Quote:
Originally Posted by icemanu  As per BOA, I just got prequalified for the loan Mod according to the letter.
I am not too sure what prequalified means though. Can it be :
-- I will surely get some kind of adjustment ?
OR
-- I just cleared the first stage for the loan mod. |
I would vote for the latter possibility. Nothing is guaranteed until the ink of the signatures are dry on the final paperwork.
In the meantime, I recommend that you keep following up with B of A to check the status of your modification. You might feel like you're being a pain in the a-- (that's how I sometimes felt), but just be polite and thorough and make sure that you know what's happening each step of the way.