I spoke with another friend a few days ago. He is in the same situation with Bank of America. They told him to default and then they would talk to him about his options for modification, that was last November. Since then, like me, they have paper worked him to death, only for him to get a letter this week that they were denying any form of modification. Really? This is a perfect example of how they are working with homeowners, they're not.
He wanted to know my advice, I told him there was no hope, that he had two options, walk away (which is what they want) or bring it upright. Pretty damn sad all the lies the public has been told of any of the big banks working with you.