Homeowner Gets Permanent Loan Modification… Promises to Pay It Forward

I just received the letter below from Melissa… a homeowner who has been reading Mandelman Matters for five years, and with whom I’ve spoken on several occasions.  She just received her second permanent loan modification from Bank of America and is quite pleased with the terms of her loan… principal reduction to market value and a much lower interest rate.  I feel good that I was able to help her in whatever way… but she’s the one that really got it done.  She already had a modification, but she kept at it and came out on top.  Congratulations Melissa… you deserve it!  And thanks for writing to me, your words are too kind.

Letter from Melissa, a Homeowner who has been reading Mandelman Matters for 5 years. by Martin Andelman

Mandelman out.