After much research into each and every government program it appears we fall through the cracks on a second lien modification under government guidelines ....
.... which of course means the B of A assistance proposal is to INCREASE our monthly payment by $60 under what appears is the same loan term we have now of 2.49 percent variable -- however they won't disclose actual terms for 90 days.
We are not delinquent but at imminent risk of default and underwater once the second is added to Loan To Value.
Is anyone aware of any guidelines that hold B of A accountable to their fiduciary duty to act in the best interest of the customer also?
Thanks in advance - Victoria