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Loan Mod.

Posted on: 09th Nov, 2009 01:31 pm
i paid a real estate
loss mitigation consultant $2500.00 4/09 they have given all my info to b of a. i was told to stay current to quilify for this. i can not do this any longer. i have great credit. i have lived in my home 11yrs. never late on a payment. i can not sell, i owe more then it is worth. but because of a divorce i can not pay these payment's. i have all the quilifactions for this loan mod. how long can this take? b of a keep's saying 60-90 day's then 120 more day's.
Hi laguna,

It would generally take 60-90 days in order to complete the loan modification process. However, the time taken may vary from one lender to another. You can contact your lender and inform them about your financial problems and ask them to speed up their process.

Thanks.
Posted on: 09th Nov, 2009 06:45 pm
Hi.....

I think that you need to talk in the detail with your Mitigation Consultant and inform them we could not do this any longer and about your financial problems, if the will be understand that's good. Other wise take some more days and talk with your lender.

Good luck......... 8)
Posted on: 10th Nov, 2009 04:24 am
i happen to think that $2500 is way too much to pay someone before they begin to provide you with a service. i hope that they've truly taken your case in the proper fashion and that you'll eventually receive some modicum of good service. you'd better be in contact with BofA directly, i think.
Posted on: 11th Nov, 2009 02:36 pm
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