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rikkivs

Mortgage Modification

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After going around in circles since Countrywide was our lender we finally got a permanent loan mod. Interest rate is the same, it's still a 30 year fixed loan but there is principal reduction and thus a decreased monthly payment by $700 including escrows. All we had to do was file BK before they responded! ha ha ha

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The large banks wont work with you, when you try to do things honestly. At least you received what you wanted, but the bankruptcy will sting for a couple years.

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did you get your first statement yet? Ours was $130 MORE per month than the signed modification agreement said it was. Then they wanted an extra $50 a month for an escrow shortage. Bank of America couldnt handle a 5 year olds savings account without screwing that up.

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