Upside Down Mortgage

Mortgage Modifications Bank Of America

Question: Does a person need to be behind in mortgage payments in order to qualify for loan modification?

We are current on our home loan but our work has slowed considerably and we dont forsee being able to make our mortgage payments in the near future. Our loan is through Bank of America. Has anyone been able to qualify for a Loan Modification that has been in the same position? Any guidance would be apprecaited!

Answer: We went through this process...if you are on time with payments..they could care less and put you through the heck to get some assistance....when you start missing..then they care and try to work with you..sucks but its the way it is.

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