maximum amount that can be capitalized - Loan Modification Forum

ugh07 · 09-09-2009, 05:11 PM

Has anyone been told there is a maximum amount that can be capitalized? i.e. arrears and escrow shortages. I have not seen anywhere that a maximum has been stated in the rules of the HAMP, but was told by Countrywide/BOA that the maximum is $50,000

ama125 · 09-09-2009, 05:22 PM

Someone else posted about this before and was told it was $25,000. I think they are just making up the rules as they go! But you are right...I've never seen any mention of a maximum amount in the HAMP guidelines. All it says is to capitalize the arrearage. I can't see what difference it would make!

09-09-2009, 05:11 PM	#1 (permalink)
ugh07 Junior Member Join Date: Sep 2009 Posts: 1 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	maximum amount that can be capitalized Has anyone been told there is a maximum amount that can be capitalized? i.e. arrears and escrow shortages. I have not seen anywhere that a maximum has been stated in the rules of the HAMP, but was told by Countrywide/BOA that the maximum is $50,000

09-09-2009, 05:22 PM	#2 (permalink)
ama125 Senior Member Join Date: Jun 2009 Location: Reading, PA Posts: 1,495 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: maximum amount that can be capitalized Someone else posted about this before and was told it was $25,000. I think they are just making up the rules as they go! But you are right...I've never seen any mention of a maximum amount in the HAMP guidelines. All it says is to capitalize the arrearage. I can't see what difference it would make!

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