B of A Loan Mod with HAMP

I have been working on getting my BofA Loan modified with the HAMP. Every time I call BofA I get that my file is waiting to be reviewed by their loss mitigation department and they will let me know as soon as they make a decision... IT'S BEEN SINCE JUNE when I subimitted the package.

Anyone have any ideas on how to push my file through? I am just hoping to get my monthly payments reduced. Right now my interest rate is 7% and my payment is over 1900$ per month.

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Permalink Reply by Jennie Blackburn on December 16, 2010 at 10:17am

You are definitely not alone. This kind of stalling and inefficiency is not unique to Bank of America. Everybody works their pay plan -- http://goo.gl/yN3d5

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