Maybe you can shed some light on the modification process. I just found out from my bank, Flagstar, who denied my first modification that we were denied over a 5% difference!! It seems as though talking to different people yields different information...the last person went into a little further detail than the one who served us with the 'denied...your income is less than your expenses'. The debt to income ratio in order to qualify for HAMP is 55%, we were 60%. I know for a fact that our expenses were a bit overstated. When you fill out your financial worksheet that's one thing...then you have a telephone interview and they ask all kinds of things and break down each expense, right down to 'do you have pets? how much do you spend per month on food/expenses?'...then they tally everything up and either add or modify your financial worksheet before submitting. So now I know that I can reapply and I am making a worksheet, broken down as to how they ask the questions so I account for everything one time. I know where I need to trim back and not be as honest! One question I have is...the loan is in my husbands name only...should I include my income or exclude some of the things that I pay, such as utilities? Second question, we do have a paid off truck with a value of $7,500, do I want to include that in our assets or could they say 'sell your truck to make your payments'...with 4 children, we need this vehicle!