I am hoping that someone will be able to help me. Here is our story:
We have been delinquent with BofA for 9 months and trying to modify for 4 of the months after our short sale fell through (new buyers were in the military and got transferred) so we thought maybe we should try to modify...well we were denied for a modification because we made too much money (husband is a fire fighter/paramedic and works a lot of overtime). After we were denied and sent a notice of default, we just now received a new letter stating that our loan was sold to Ocwen as of 9/1/12. We are now going to try to start another modification with Ocwen and now have had my husband not work any overtime so we can lower our income to qualify (do we need to lower our income to qualify with Ocwen?). I was wondering if anyone has had success with them? We are $150k upside down and in a 10 year interest only. Any advice would help! Thanks!