| If you are in hopes of obtaining a Bank of America | | | | people are getting assistance in avoiding foreclosure. |
| Loan Modification, you should be aware that it may | | | | You really don't have much choice, do you? So, how |
| require some patience and persistence on your part. | | | | do you go about this process? |
| And, this is just referring to getting through the | | | | Initially, the very thing you must do is not to call Bank of |
| telephone lines! President Obama and his administration | | | | America. Experts will advice you that the best thing for |
| have not been exactly satisfied with the way the | | | | you to do is to become familiar with all of the |
| process has been unfolding. They are requesting that | | | | requirements and application guidelines, first. Do your |
| participating lenders increase their manpower to | | | | homework, prepare your paperwork according to |
| accommodate the flood of inquiries and applications | | | | these guidelines, and gather al supporting documents. |
| for Home Stimulus Plan assistance. | | | | You will be required to document every fact and figure |
| Bank of America has been focused on by the media | | | | that you present. You will need documents regarding |
| as being one of the most difficult lenders to even try | | | | income and expenses, of course, but you also need to |
| to talk to about a loan modification. But, if you are in | | | | document all statements you make about changes in |
| default on your Bank of America mortgage, you | | | | income, expenses, etc... This would involve, for instance, |
| should be aware that they are rewriting loans, and | | | | showing pay stubs of a previous income, also. |