Will a Bank Modify a Loan if a Person Has No Assets or income?
Full Question:
Answer:
Anything is possible, but the odds are not good at all that a bank will work with a person who can't repay a loan. Unfortunately, it is important to the bank that a person has the ability to repay the money that is owed. Please see the information at the links below:
http://mortgage.freedomblogging.com/2009/10/14/no-income-no-loan-modification/19549/
http://www.bloomberg.com/apps/news?pid=20601087&sid=aoO9FGsvnJOk
http://articles.webraydian.com/article20609-Bank_of_America_Loan_Modification__A_Simple_Five_Steps_to_Approval.html
http://www.fairhomeloan.org/?bing
http://homeloanhelp.bankofamerica.com/en/home-affordable-modification.html
http://homeloanhelp.bankofamerica.com/en/financial-worksheet.html
http://homeloanhelp.bankofamerica.com/en/mha-programs.html
http://bx.businessweek.com/bank-of-america/view?url=http%3A%2F%2Ffeedproxy.google.com%2F~r%2FFatwalletFinance%2F~3%2FAM2eGpAbJeM%2F989358
http://ezinearticles.com/?Few-Points-to-Know-About-Bank-of-America-Loan-Modification-and-President-Obamas-Program&id=4020484
