Bank of America: BAC Loan Servicing Imminent Default Terms. Do I need to be behind?

Frequently we get a lot of questions but none as much as the question, “Can I apply for assistance without being behind/delinquent?” Usually this is followed by the fact that they were told by everyone they know that they should stop making payments if they want to find any assistance. We are huge believers that this is one of the myths that plagues the business. Below is an e-mail that we received from the lender themselves:

Please send all your inquiries/questions/responses  directly to (REMOVED)@bankofamerica.com for proper handling.

Please DO NOT reply to me directly or send me any emails as they WILL NOT be responded.
To find helpful information, tools, forms, FAQ’s and additional assistance regarding the Making Home Affordable Modification process and other workout options please feel free to visit our web-site at:
http://homeloanhelp.bankofamerica.com/en/index.html
Thank you for your modification request. Due to the delinquency status of the file we have closed our record. Our
Imminent Default Unit would be able to further assist you with your request.

All current loans (0 – 59 days due) due for the current month payment or one in the future are required to

complete an imminent default checklist. Please call our Imminent Default Unit at 1-XXX-XXX-XXXX and advise the

associate that you are calling and need to complete the imminent default checklist review as you are requesting a

modification on a current loan.

Provided is the check list that you can read through in an effort to be prepared when you call.

The homeowner MUST be able to answer EVERY question as YES to be eligible. Any questions answered “NO”

will automatically disqualify the loan for a possible modification.

This communication from Bank of America – may contain privileged and/or confidential information. It is intended solely for the use of the addressee. If you are not the intended recipient, you are strictly prohibited from disclosing, copying, distributing or using any of this information. If you receive this communication in error, please contact the sender immediately and destroy the material in its entirety, whether electronic or hard copy. This communication may contain nonpublic personal information about consumers subject to the restrictions of the Gramm-Leach-Bliley Act. You may not directly or indirectly reuse or re-disclose such information for any purpose other than to provide the services for which you are receiving the information.

To find helpful information, tools, forms, FAQ’s and additional assistance regarding the Making Home Affordable Modification process and other workout options please feel free to visit our web-site at:

http://homeloanhelp.bankofamerica.com/en/index.html

This is definitely proof that there are options available to those homeowners who have not fallen behind yet but do feel that it could be immanently problem in the near future.

Have a question or need assistance? Place your thoughts on the post below. If you are concerned about reaching out publicly feel free to reach us by e-mail at info@mlreport.com or by phone at 888-934-3444.

Loss Mitigation Advocates @ Absolute Consultant Group

MLReport.com started in the Loss Mitigation industry in early 2000's. We worked for the one of the largest loan servicers in the US in their loss mitigation/foreclosure department. Speaking with approximately a work flow of several thousand cases a month and several years of experience they created an organization dedicated to helping homeowners. Our Goal here is to increase the accuracy and awareness of loss mitigation information found on the internet while creating a forum for homeowners and professionals alike to find the information on up to date mortgage servicer/lender guidelines. — MLReport Management Have a question? Call us 888-934-3444

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