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  1. K

    Question about modification eligibility

    I was denied a modification on the first lien. I was offered a repayment plan instead, which sucks. Now I have to pay $500 more a month for 7 months. I was only 2 months behind. I want to apply for the Freddie Mac stream line modification but I’m not sure if I can now that I am in this...
  2. K

    Question about modification eligibility

    Hi, I’m applying for a modification with both of my loan servicers. I have a mortgage with M & T Bank and my payment is $1052 a month and a home equity loan with B of A and that payment is $980 a month. My gross income is about $4500 a month. So if each servicer were to only consider their...
  3. K

    dti requirement?

    Thanks, but I guess what I really want to know is, if I'm approaching the servicer for my home equity loan, would they be looking at what I'm paying for that as well as my 1st mortgage?
  4. K

    dti requirement?

    Hi everybody, I'm trying to figure out if I am eligible for a modification to either my mortgage or my home equity loan or both. I am only a month late on both. My net income is about $4k per month. My mortgage payment is $1052 and my home equity loan is $980. My husband had cancer in 2016...
  5. K

    Full forgiveness by BofA?

    Well that is encouraging. And I did try to get a mod but was denied because I am already 31%. I am now trying to see if I can HARP, since my first is owned by Freddie MAC. I think that is why I am not eligible for the b of a heloc full forgiveness thing- because only my heloc is currently with...
  6. K

    Full forgiveness by BofA?

    Well, I just called and there was no such things as filing a claim for me. My first used to be with b of a but now is not, so apparently only people who have both with them have a shot at this. Plus the rep who spoke with me told me they are through sending out the letters. But I think your's...
  7. K

    trying to get heloc mod, or re-fi, or something...

    Oh, good. Thanks so much for responding so quickly!
  8. K

    Full forgiveness by BofA?

    Thanks! I hope we both do!
  9. K

    Full forgiveness by BofA?

    Mvpolo, can I ask how you filed a claim? I would like to do this because maybe there's an eensy bit of hope for me.
  10. K

    trying to get heloc mod, or re-fi, or something...

    I do fit those criteria, but what about hardship? They don't list that in their criteria, but then say that you need concise explanation when you talk to someone about it.
  11. K

    trying to get heloc mod, or re-fi, or something...

    do you think I qualify for HARP? So, I have found out that my home loan is owned by Freddie Mac, although their mortgage look up tool says that it is not. My mortgage servicer says that it is. Anyway, I owe about 120k on my first and 131k on my 2nd, which is with B of A. My house, according to...
  12. K

    trying to get heloc mod, or re-fi, or something...

    Cool. I need to find out who owns it then. Thanks!
  13. K

    trying to get heloc mod, or re-fi, or something...

    Thanks for your advice. I should have clarified- B of A owns the heloc. M & T is servicing the 1st, but I am not sure if they own it.
  14. K

    Full forgiveness by BofA?

    Ooh, that is so encouraging! Thanks!
  15. K

    trying to get heloc mod, or re-fi, or something...

    Advice on heloc please! So, I got denied for a B of A heloc mod because my mortgage to income ratio is too high, however, it won't be when my loan amortizes in 5 yrs. I am underwater because of my heloc. I have my first with someone else. Both loans originated with B of A so I wonder if B...
  16. K

    trying to get heloc mod, or re-fi, or something...

    So, I got denied for a B of A heloc mod because my mortgage to income ratio is too high, however, it won't be when my loan amortizes in 5 yrs. I am underwater because of my heloc. I have my first with someone else. Both loans originated with B of A so I wonder if B of A still owns it, or if they...
  17. K

    Full forgiveness by BofA?

    Hi Ghettomax, who did you call at B of A? I am trying to find out if I am eligible. I called 877.488 something, and they said they could not look up my account. I am wondering if you spoke to someone else. I would like to speak to someone who can tell me something.
  18. K

    Bank of America Second Lien Mortgage Debt Extinguishment Q&A

    I asked in another thread, but does anyone know if this balance forgiveness is granted to anyone who is still currently paying on their heloc? Mine is with B of A and is about 131k. My first is with another lender but originated with B of A. On that one I owe about 120k. So with both I am...
  19. K

    Full forgiveness by BofA?

    question about debt forgiveness Hi, has anyone received forgiveness on their B of A heloc that was current with their payments? I owe a lot, and am still current. Just wondering.
  20. K

    trying to get heloc mod, or re-fi, or something...

    Thanks for replying Evan. I really appreciate it. My property, according to zillow, is worth about 215k. My first has a balance of 120k approx, and the 2nd has 131k, approx. The guy who talked me into it told me he bought his second house with his HELOC. I should have gotten up and walked out...