Well, I too lost my job. Had high mortgage payments and fell within the 31% so I applied for the Home Modification. Looked like things were going well as I did everything I was suppose to do. I got fed-x paperwork to finish and had to set up a time to sign final papers at my home so the new modification could be finalized with the new monthly payments. I did all that and Bank of America continued to call me to see when I was going to finish the paperwork. I called them and discussed with them that I has done this. Oh, so they see yes they did get all the required paperwork back. Now I was told it would still take awhile but sometime in November they should have it all finalized and I would start seeing my payments on my monthly statements. Well, November 3rd, they send me a letter to tell me I was denied(after I had made 3 of the new revised payment set up in their letter I signed in front of the notary)
So I call them again to see what this denial is all about. I can't get a straight answer from them. The letter I received isn't posted in their system yet so I have to wait another week.
Mind you, through all this process, we are all getting deeper in depth and farther behind because if you're denied, you now owe the rest of the payment from the smaller trial payments you made(I made four of them) plus I made 3 of the new payment plan that was $120 less than my original payment so now we'll owe late fees on top of this until we have it all paid up.
Tell me this is "saving the dream". The only people making out on this is Bank of America.
Good Luck to everyone in trying to find somewhere to live that you can afford!
Product or Service Mentioned: Bank Of America Mortgage.