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**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. We are a homeowner advocacy group with more than a decade of helping homeowners and professionals with mortgage assistance negotiations. The information found on this page is for educational and convenience purposes only. The information found on this page should be considered as opinion and not fact based on our experience with lenders over 10+ years. Consult your mortgage servicer directly or a professional before using any of the information found on this site. If you are seeking an intermediary to assist you in getting help with your mortgage you may contact us at 888-934-3444 or via email at [email protected] for further review for a no fee, no obligation, consultation. If required you may be referred to a local professional or legal counsel for additional assistance with your mortgage. Please read through our Disclaimer page for additional details. We do not represent in any way any financial institution named on this page. If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

Bank Of America (BAC) Loan Modification

Modification Decline Review

BAC Modification Denied? What to do.

Get Help With Your BAC Loan Modification

Talk To A Specialist Who Knows How To Deal With An BAC Mortgage.

Get Help With Your BAC Loan Modification

Talk To A Specialist Who Knows How To Deal With An BAC Mortgage.
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Bank Of America (BAC) Loan Modification Process

The Bank Of America (BAC) Loan Modification undergoes the following conventional process:

  1. Phone inteview is the first process to start the loan modification process.
  2. Submission of complete BAC request for mortgage assistance package.
  3. Complete Evaluation of the property (If Applicable).
  4. Negotiation of terms for the modification of mortgage.
  5. Lender gives the response on the agreement of the new terms.

As much as we like for the process to be easy for you but it is never the case. There is lot of going back and forth while dealing with loan modification of Bank of America. Sometimes even the documents have to be submitted again and again due to poor record keeping of the loan servicing department. Often they will keep you running aroud differnt departments of the bank. Bank Of America loan modification department will refer you to BAC customer servicing department and sometimes they will send you back to the loan modification department again. There are often some clients who come after they have submitted the wrong information on their application and got denied and now they are not able to figure out the next step.

BAC Loan Modification Timeline

When being dealt with BAC mortgage modification the time frame can vary for many reasons. Here are a few of the reasons this question has such sticky answers.

  • For one, Bank Of America is merely a loan service provider. As a service provider they must abide by means of their PSA or Pooling and Servicing settlement that they have with each investor. In a few instances they’re delegated to make decisions on behalf of the investor they’re servicing the loan for and in different cases they are no longer delegated (non-delegated) which means they must request permission from the investor earlier than being capable of making any preparations. a few traders which includes Fannie Mae (FNMA) and Freddie Mac (FHLMC) have pulled almost all choice making authority from maximum servicers. As you can imagine the more the parties involved the longer it takes and the more chance that someone like Bank Of America has their hands tied.
  • Another factor, Time frame is also effected by Urgency. It depends that whether your Loan has a near sale date. If it is then there are some chances that you are going to get bumped up in the process. The large servicers like Bank of America have many short sale going on everyday, So sometimes even if your sale date is very near the bank will not deel with you on priority. This type of business is usually operated as first come first serve but it is also effected by foreclosure status and proximity to sale date.
  • Finally, Not all loan modification programs are created equal. Sometimes the bank considers a lot of other options before finalizing the suitable terms for the loan modification. Often you will be put through the modification waterfall. If the finalizing of terms gets dragged on it will take some time and the loan modification will become more time consuming

Bank Of America Loan Modification Timeline Conclusion: The time frame of the loan modification vary greatly. It depends on whether the bank has to decide on the modification itself or it has to send the file to some other place for evaluation and approval. It also depends on whether you fit on the first plan or 10th. The other factors involved are of outside the bank including that whether they get back the review documentation on time or not.

If Your BAC Mortgage Has Been Denied. It May Not Be Too Late


Dealing With A BAC Mortgage Loan Modification Decline

Often dealing with the BAC loan modification and it can gets confusing when the bank declines their request. It is very important to understand the details of all the plans and the conflicts with the info. Here at ACG we have dozens of points we review in order to understand why your BAC loan modification was rejected. Have us review your declined modifcation for free by calling us at 888-934-3444.

Additional BAC Mortgage Contact Information

BAC Mortgage Customers

BAC Loan Servicing Complaints


Bank Of America Home Mortgage Loan Modification Reviews

BAC Loan Modification Complaints

BAC is a large company and the rules are literally changing every day. There are a lot of departments and even more hands in the pot of each case that making it through the system can be a real drag. It doesn’t have to be though and that’s where we come in. Give us a call and see how we can help you with your loan modification. Call 888-934-3444.

BAC 1 Star Reviews

BAC 1 Star Review:

I called in several times and it would take VERY long to even be allowed to talk about the account. I am filing a notice with the CFPB.

Nancy, Carlsbad, CA

Seterus 1 Star Review:

Bank of America is the worst bank in history. The customer service people are always rude. I have had Bank of America for a while now, and I wish I could have a better bank. Trying to lower my interest rate, tried to modify my mortgage, tried getting approved for HARP. And this Bank of America won’t work with no one. I hate this Bank.

Harry, Brooklyn Park, MD

Don't Be A 1 Star Review


Don't Be A 1 Star Review


BAC 1 Star Review:

I’m refinancing my mortgage. The title company needs the payoff information. They have requested it to be faxed twice. I’ve requested it twice. We’ve received nothing after two weeks. Every other company and loan I’ve ever dealt with allows the loan owner to print the payoff document from their website with a log on. BOA does not have that option and they don’t respond to requests timely. This is extremely frustrating and quite frankly, ridiculous. I will never use them again.

Beth, Black Creek, WI

1 Star Situations Happen Every Day


ACG 5 Star Reviews

ACG 5 Star Review:

Tried modifying my mortgage loan on my own, twice actually, but no luck. Until I called ACG. [I] got my loan mod approved and all is well.

Michael, Woodland Hills, CA

ACG 5 Star Review:

We were struggling trying to get assistance in keeping our home for over a year when I was introduced to ACG Today both my homes are modified and our family has a chance for a fresh start.

Patricia, Porter Ranch, CA

ACG 5 Star Review:

I have worked with [the] team personally and professionally referring them many clients over the past few years. If you need help with a loan modification, short sale, or want to avoid foreclosure I highly suggest you use Absolute Consultant Group!

Daniel, Santa Clarita, CA

You Can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your BAC Mortgage.

You Know You Can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your BAC Mortgage.

BAC Home Loan Modification Mortgage News

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