I am behind on my mortgage and the bank called me to congratulate me on qualifying for a modification. Before talking to them, I went to the post office and found a package with a $100.00
reduction in my mortgage payment. when I asked if if did not have to give them information before qualifying, they said no; this was a "temporary modification" with a 3 month trial period and that their offer was based on the value of the property. When asked what was the value, they quoted it almost $50,000 over what it is really worth. I think even if the information about the modification was true, then the amount they are asking me to pay, if based on the value should be a lot less. I would appreciate your help. This loan was discharged in a Chapter 7, never re-affirmed and was transferred.