Financial worksheet question

[sweetp27]

Hi everyone! Our loan is serviced by ASC, and we actually successfully completed a loan mod with them last year. Unfort. I lost my full time job and am getting unemployment now, while my husband is still, thankfully, working. Anyways, we filled out our financial worksheet, and we are <375> / month. I know when we did our mod before that we were also in the negative, but I don't remember by how much. Also, our monthly payment is much higher than 31% of our gross income.
I'm just wondering if anyone knows / what success people have had starting out with a negative income.
In order to get our $2446 payment down to 31% of our gross, it would have to be lowered to about $1950, which would give us a surplus of about $125 at that amount.
Am hoping that we can get this done ourselves with ASC, like we did previously.
Any info, advice is much appreciated!!!
Best of luck to all!

[current123]

Sweetp27

I have a deficit of $240 and had maintained current on my payment. I was approved of a loan modification program of my investor-BOA which will lower my payment by $666. Apparently, BOA guidelines had change this week therefore my servicer/negotiator Wells Fargo had to have my request re-approve. Will know by Wednesday next week. Hope this helps!

Current 123

[sweetp27]

okay, thanks. we are also current, as of right now, trying to make Aug payment before the end of the month. I know last time we were in default and negative income and still got our loan mod.... just worried of dealing with the headaches again, our first mod wasn't easy even though we did eventually get it.

thanks for your reply! best of luck to you!