What next? - Loan Modification Forum

mgm75 · 08-11-2009, 11:00 AM

OK…wondering what my next step should be…here is the short version:
Salary reduced 30%...fell behind in payments…caught up…fell behind again…currently 5 month behind.
Have been on consistent contact with B of A….Every month I would call their reps said they couldn’t do a mod.

As suggested on this forum (thank you) I emailed the presidents office. The next day I got a call from Cindy…very nice girl and very helpful. I sent her the info she requested.

She called be back a few days

later with the name of my negotiator….Marcello Reilly…she said to only have contact with him and if anyone else contacts me for B of A to call her…

It’s been 5 business days and I have not heard for Marcello…do I just wait?

How long does it take to get a negotiator call back?
Is that fact they assigned ne a negotiator at least a good sign?

Evan Bedard · 08-11-2009, 11:29 AM

Hi mgm75 welcome and thank you for joining.

Quote:

It’s been 5 business days and I have not heard for Marcello…do I just wait?

How long does it take to get a negotiator call back?
Is that fact they assigned ne a negotiator at least a good sign?

I would suggest that you follow up with her at least once or twice a week just to see how things are going and to make sure nothing slips through the cracks..

It is a great sign you are already assigned to a negoitator. Good luck and keep us posted!

Moe Bedard · 08-11-2009, 01:17 PM

I agree with Evan. This is great news and if Marcello drops the ball, you have Cindy has a back stop. I say wait 7 business days and then start the calls.

bittersweetme · 08-11-2009, 03:02 PM

If I may add my last two cents

. I would attempt emailing Marcello.Reilly@bankofamerica.com. I have seen people write that "negotiators" can't answer e-mails, but The woman I am working with did. Just a thought....... good luck to you !

08-11-2009, 11:00 AM	#1 (permalink)
mgm75 Member Join Date: Jun 2009 Posts: 19 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	What next? OK…wondering what my next step should be…here is the short version: Salary reduced 30%...fell behind in payments…caught up…fell behind again…currently 5 month behind. Have been on consistent contact with B of A….Every month I would call their reps said they couldn’t do a mod. As suggested on this forum (thank you) I emailed the presidents office. The next day I got a call from Cindy…very nice girl and very helpful. I sent her the info she requested. She called be back a few days later with the name of my negotiator….Marcello Reilly…she said to only have contact with him and if anyone else contacts me for B of A to call her… It’s been 5 business days and I have not heard for Marcello…do I just wait? How long does it take to get a negotiator call back? Is that fact they assigned ne a negotiator at least a good sign?

08-11-2009, 01:17 PM	#3 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: What next? I agree with Evan. This is great news and if Marcello drops the ball, you have Cindy has a back stop. I say wait 7 business days and then start the calls. __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

08-11-2009, 03:02 PM	#4 (permalink)
bittersweetme Senior Member Join Date: Jul 2009 Posts: 146 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: What next? If I may add my last two cents . I would attempt emailing Marcello.Reilly@bankofamerica.com. I have seen people write that "negotiators" can't answer e-mails, but The woman I am working with did. Just a thought....... good luck to you !

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