Loan Modification Programs Bank of America
Recently a reader from USA asked me that, “Bank of America denied our loan modification. When I called them they took information AGAIN to do a loan modification. Is this something they typically do, deny you the first time?”
Well, yes. You are right. Typically your bank denies for the loan modification first time. This is because your bank is not in the business of loan modification. It is in the business of selling you debt products and not in the business of easing the terms of loans.
This is not the scenario of only Bank of America. Virtually any bank in the United States will deny you the first time. This is because you are not the expert in the loan modification process. However, if you have all the information about loan modification process, nobody will deny you.
Acceptance or Rejection of the loan modification process really depends on your paper work and the documentation. California Based Mike Rockwood has saved his 5 properties from going for foreclosure from different banks in USA just few years back.
You can download his 60-Minute Loan Modification Workbook. The best thing about his PDF format work book is that, it has every single information about the loan modification in detail that you really need.
His workbook is one of the best every Information guide about the loan modification process. In fact, many of my friends and readers have tried his workbook strategies and managed to save their mortgage properties for going for foreclosures.
Once you have this workbook, you can do a loan modification process by yourself.