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Company Loan Type APR Est. Pmt.

loan modification

Posted on: 20th Mar, 2009 08:58 am
we were extended a 'loan modification' by bank of america on january 5, 2009. we signed, had notarized and returned the agreement. we made first payment. then, they told us modification is void as it was never closed.
what is their real obligation under the prevailing govt. programs to honor their extended and approved agreement?!
If you have a copy of the signed agreement, then I would call an attorney. If you were supposed to return that agreement by a specific date and missed the deadline, then you are SOL
Posted on: 21st Mar, 2009 05:16 pm
Yes if you have a notorized copy of the agreement I would suggest you let the lender know you intend to engage legal councel if they don't comply with your new agreement.

THe above poster is right that they normal only give you a very small window to accept adn return the package. Did you do so within the specified time period?
Posted on: 22nd Mar, 2009 05:37 am
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