Looking to Modify my Loan with CW(B of A) - Loan Modification Forum

lasvegas2hawaii · 07-23-2009, 12:31 PM

I live in Las Vegas this is my owner occupied home. This is a Fannie Ma loan. I have a 6.85 interest rate and current on my payments. My credit is flawless. I want to modify my loan. My loan amount is 220,000 and the property is probably worth 140,000. Please tell me what process I should take from here???????
Thanks!!!

Evan Bedard · 07-23-2009, 01:31 PM

Hi lasvegas2hawaii welcome and thank you for joining the forum.

[QUOTE][I live in Las Vegas this is my owner occupied home. This is a Fannie Ma loan. I have a 6.85 interest rate and current on my payments. My credit is flawless. I want to modify my loan. My loan amount is 220,000 and the property is probably worth 140,000. Please tell me what process I should take from here???????
Thanks!!! /QUOTE]

First of all you will need to write up a hardship letter and have it ready to send to the bank. You can find some examples here:

Examples of a Hardship Letter

You will also need to have all of you financial information together such as paystubs, bank statements, tax returns, etc. By the way who is your lender?

PS. I moved this thread out of the refinance section and into the loan modification section.

lasvegas2hawaii · 07-23-2009, 05:52 PM

I don't know. How do I find out who my lender is? Thanks!

lasvegas2hawaii · 07-23-2009, 05:54 PM

Do I have to disclose all my bank aaccount or can I just show the ones with the least amount of money?

lasvegas2hawaii · 07-23-2009, 08:42 PM

If you moved this thread please give me a link to get there. Sorry I am new to this.

Evan Bedard · 07-24-2009, 10:16 AM

Hi lasvegas,

Here is the link to your thread:

Looking to Modify my Loan with CW(B of A)

Quote:

I don't know. How do I find out who my lender is? Thanks!

You lender will be listed on your monthly statement and also all of your original loan documents.

lasvegas2hawaii · 07-24-2009, 05:51 PM

It is Country Wide and my loan is with Fannie Mae . WHy does it matter?????????/

lasvegas2hawaii · 08-04-2009, 12:12 PM

Do I have to disclose all my bank aaccount or can I just show the ones with the least amount of money?

07-23-2009, 12:31 PM	#1 (permalink)
lasvegas2hawaii Member Join Date: Jul 2009 Posts: 20 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Looking to Modify my Loan with CW(B of A) I live in Las Vegas this is my owner occupied home. This is a Fannie Ma loan. I have a 6.85 interest rate and current on my payments. My credit is flawless. I want to modify my loan. My loan amount is 220,000 and the property is probably worth 140,000. Please tell me what process I should take from here??????? Thanks!!!

07-23-2009, 01:31 PM	#2 (permalink)
Evan Bedard LoanSafe.org Homeowner Guide Join Date: Aug 2007 Location: Southern California Posts: 2,168 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Looking to Modify my Loan with CW(B of A) Hi lasvegas2hawaii welcome and thank you for joining the forum. [QUOTE][I live in Las Vegas this is my owner occupied home. This is a Fannie Ma loan. I have a 6.85 interest rate and current on my payments. My credit is flawless. I want to modify my loan. My loan amount is 220,000 and the property is probably worth 140,000. Please tell me what process I should take from here??????? Thanks!!! /QUOTE] First of all you will need to write up a hardship letter and have it ready to send to the bank. You can find some examples here: Examples of a Hardship Letter You will also need to have all of you financial information together such as paystubs, bank statements, tax returns, etc. By the way who is your lender? PS. I moved this thread out of the refinance section and into the loan modification section. __________________ Keep Fighting! Evan Bedard LoanSafe.org Support Team Please donate via paypal to LoanSafe.org to help keep this forum going 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.

07-23-2009, 05:52 PM	#3 (permalink)
lasvegas2hawaii Member Join Date: Jul 2009 Posts: 20 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Looking to Modify my Loan with CW(B of A) I don't know. How do I find out who my lender is? Thanks!

07-23-2009, 05:54 PM	#4 (permalink)
lasvegas2hawaii Member Join Date: Jul 2009 Posts: 20 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Looking to Modify my Loan with CW(B of A) Do I have to disclose all my bank aaccount or can I just show the ones with the least amount of money?

07-23-2009, 08:42 PM	#5 (permalink)
lasvegas2hawaii Member Join Date: Jul 2009 Posts: 20 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Looking to Modify my Loan with CW(B of A) If you moved this thread please give me a link to get there. Sorry I am new to this.

07-24-2009, 05:51 PM	#7 (permalink)
lasvegas2hawaii Member Join Date: Jul 2009 Posts: 20 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Looking to Modify my Loan with CW(B of A) It is Country Wide and my loan is with Fannie Mae . WHy does it matter?????????/

08-04-2009, 12:12 PM	#8 (permalink)
lasvegas2hawaii Member Join Date: Jul 2009 Posts: 20 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Looking to Modify my Loan with CW(B of A) Do I have to disclose all my bank aaccount or can I just show the ones with the least amount of money?

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