Trial modification offered after initiating short sale.....

[IM734282]

The house is in foreclosure (sheriff's sale likely around Christmas), last payment made in aug 2009. After almost 3 years BofA finally offered me a 2 percent trial mod just days after I signed up with an RE agent and he initiated the short sale process in their software system (equator). Is it possible that by initiating the short sale process that this finally prompted BofA to act on the loan mod?

Property in WI, loan at 357,000 - agent wants to list 229,000.

[IM734282]

I should also mention that the mod offered is a HAMP.

[Evan Bedard]

The house is in foreclosure (sheriff's sale likely around Christmas), last payment made in aug 2009. After almost 3 years BofA finally offered me a 2 percent trial mod just days after I signed up with an RE agent and he initiated the short sale process in their software system (equator). Is it possible that by initiating the short sale process that this finally prompted BofA to act on the loan mod?

Property in WI, loan at 357,000 - agent wants to list 229,000.

This is definitely a possibility, maybe they felt more inclined to offer a modification since they knew you were willing to let the property go through a short sale. If you do intent on keeping the property i would definitely accept the trial mod being offered.