I know I can get a straight answer here. I have tried before to get a loan modification. I filled out tons of paperwork...it took forever...then the bank came back and said I was ineligble because I made too much money. It seemed like bs to me because they could've said that right from the start. I thought there was a stipulation that if your payment was over 31% of your monthly income you were eligble. That applies to me and that is where I thought I could get one. Does anyone get these modifications? I was thinking about applying again but don't know if I should even waste my time. Any insight/advice/help appreciated. thanks in advance.
