Got Modification From B of A - Loan Modification Forum

JustDae · 10-27-2009, 04:18 PM

I can't stop thanking God for this. We received the papers in the mail last Tuesday. I had emailed Ms. Desoer after getting her email from this site. I was hesitant at first, but after they cancelled our modification the first time I got over that hesitation really quick. I was amazed at how fast I got a reply. Theresa was so nice and patient. Then we received our negotiator Kristy and though I have called her numerous time and have yet to speak with her, she sent us our papers last week. Our payments went from 1776 a month to a little over 1300 a month - $900 is our actually payment. I just can't stop praising God's name. We are so thankful and appreciative. This site is truly a blessing. Thank you so much.

Liza09 · 10-27-2009, 04:36 PM

That is so wonderful. Our God is faithful.

ama125 · 10-27-2009, 05:31 PM

Congratulations to you! Is this a HAMP mod or in-house mod?

julier883 · 10-28-2009, 06:51 AM

Please share with us the details of your modfication. Was it HAMP?

Evan Bedard · 10-28-2009, 08:42 AM

Congratulations Justdae! That is amazing how fast they will offer modifications sometimes. Looks like BofA may be stepping their game up

californiadreamer2000 · 10-28-2009, 09:16 AM

I want to know if there is "bargaining" with the intial modification package sent out? I hear the first is not the best and once rejected better ones come along. Is this true? Does anyone have first hand experience with this? My lender is Wachovia - soon to be Wells Fargo.

shay01 · 10-28-2009, 09:19 AM

Quote:

Originally Posted by californiadreamer2000

I want to know if there is "bargaining" with the intial modification package sent out? I hear the first is not the best and once rejected better ones come along. Is this true? Does anyone have first hand experience with this? My lender is Wachovia - soon to be Wells Fargo.

That is what I am wondering I have BOA a FHA loan and was just offered a MOD payment. only dropped 150.00 bucks. I am scared to trun it down but the offer is not the great. They drop my interest rate from 6.5 to 5.3, but the payment didnt really get lowered. They are saying that is the best they can do they have to follow FHA guidelines and this is the best offer. So if anyone has any input I would love to hear it too.

10-27-2009, 04:18 PM	#1 (permalink)
JustDae Member Join Date: Aug 2008 Posts: 5 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Got Modification From B of A I can't stop thanking God for this. We received the papers in the mail last Tuesday. I had emailed Ms. Desoer after getting her email from this site. I was hesitant at first, but after they cancelled our modification the first time I got over that hesitation really quick. I was amazed at how fast I got a reply. Theresa was so nice and patient. Then we received our negotiator Kristy and though I have called her numerous time and have yet to speak with her, she sent us our papers last week. Our payments went from 1776 a month to a little over 1300 a month - $900 is our actually payment. I just can't stop praising God's name. We are so thankful and appreciative. This site is truly a blessing. Thank you so much.

10-27-2009, 04:36 PM	#2 (permalink)
Liza09 Member Join Date: Aug 2009 Posts: 25 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Got Modification From B of A That is so wonderful. Our God is faithful.

10-27-2009, 05:31 PM	#3 (permalink)
ama125 Senior Member Join Date: Jun 2009 Location: Reading, PA Posts: 1,492 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Got Modification From B of A Congratulations to you! Is this a HAMP mod or in-house mod?

10-28-2009, 06:51 AM	#4 (permalink)
julier883 Senior Member Join Date: Oct 2009 Posts: 72 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Got Modification From B of A Please share with us the details of your modfication. Was it HAMP?

10-28-2009, 08:42 AM	#5 (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: Got Modification From B of A Congratulations Justdae! That is amazing how fast they will offer modifications sometimes. Looks like BofA may be stepping their game up __________________ 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.

10-28-2009, 09:16 AM	#6 (permalink)
californiadreamer2000 Member Join Date: Oct 2009 Posts: 11 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Got Modification From B of A I want to know if there is "bargaining" with the intial modification package sent out? I hear the first is not the best and once rejected better ones come along. Is this true? Does anyone have first hand experience with this? My lender is Wachovia - soon to be Wells Fargo.

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