Loan Modification Forum - LoanSafe.org - View Single Post - Bank of America loan mod -SUCCESS!!

emorybetsy · 06-15-2009, 10:34 PM

In your post you said that you would not hear from them unless there was something they need from you. Again things may have changed but that was one of the biggest problems in the past, was that they do not follow up if there is something missing from you. They seem to just ignore your request rather than ask for something. so follow up, dont just assume they will contact you if there is a problem. I would (and have) called weekly for an update. And it continues to be a nightmare, I have completed the mods on my second and third mortgages but I still have not recieved the final documents on my first mortgage. Last week I was told that I would have my documents in 7 days. I did not recieve them so I called, now they are going to be sent out in two weeks. They did not notify me and would not have known if I hadn't called them. There was no explination for the delay except that they are busy.

I believe the banks are getting $1000 for every loan they modify.

06-15-2009, 10:34 PM	#132 (permalink)
emorybetsy Senior Member Join Date: Jan 2009 Posts: 123 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Bank of America loan mod -SUCCESS!! In your post you said that you would not hear from them unless there was something they need from you. Again things may have changed but that was one of the biggest problems in the past, was that they do not follow up if there is something missing from you. They seem to just ignore your request rather than ask for something. so follow up, dont just assume they will contact you if there is a problem. I would (and have) called weekly for an update. And it continues to be a nightmare, I have completed the mods on my second and third mortgages but I still have not recieved the final documents on my first mortgage. Last week I was told that I would have my documents in 7 days. I did not recieve them so I called, now they are going to be sent out in two weeks. They did not notify me and would not have known if I hadn't called them. There was no explination for the delay except that they are busy. I believe the banks are getting $1000 for every loan they modify.