[t2weati]

Butacska, PHH denied my request for a loan modification. I never did speak to my negotiator, but instead I was mailed a letter that stated I was denied because there was sufficient income to make the payments. Even though my monthly surplus after all expenses are paid is $150/month, there is a cashflow on the rental property of about $300/month and I think this is why I was denied. They probably figure I won't let a positive cashflow property go into foreclosure (and they are right). It did take up to 5 months for me to get an answer from the negotiator assigned to my files, so hang in there.