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Well...not sure really...
I started applying back in Oct/Nov? of last year I believe. I got approved for my smaller loan. Then with my larger loan they said I had to reapply under the Obama plan. So I did. Then they modified my smaller loan again, and reduced it more. Hey, sweet, random!
Then they finally got me a modification on my larger loan.
So..ultimately it appears I have both loans modified... unfortunately the system hasn't caught up. My credit is EFFED up. It looks like I haven't paid my mortgage in forever as I don't pay on the old loans, I pay on new loans. I cannot pay online, or get statements, or view any account activity as their systems have not caught up.
for reduced payments, big time. My small loan went from over $700 to $350 and my larger loan went from about $2200 to $1300. MAJOR relief for me.
for bad credit results and the freakiness of paying into loans you can never look at, or never even get statements for
Oh and I'm with GMAC, not like Uncle Bob's mortgage co.
We applied in May and they jerked us around for a good 4 months before telling us that because we are not behind on the mortgage, we must not have a hardship, so we are denied. Despite the fact that our mortgage is about 50% of our income.
What a bunch of crap.
We got our home equity loan modified by BOA. I went right to the top to the president of home retention. They got our paperwork on 7/30 and we signed the documents this Thursday. It took a little over 6 weeks and the notary was shocked because he said no one is getting modifications. We weren't behind on our payment, but interest rate was high. They lowered our interest rate to 5% for the remainder of our 30 years.
I applied on July 30th with BofA and am still waiting...I ended up emailing the presidents of BofA and am now dealing with one person to get the process moving. I'm desperate at this point and hope it goes through....
Has anyone been approved without missing any payments? We are current and they told us to stay current until we hear something
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