[slowbutspeeding]

Thanks for the information, Admin and Komara. The process of modification/forclosure certainly is lengthy and confusing. The information I have received both on this thread and throughout this forum is appreciated. I have a few more questions I'd like to ask:

Just for clarification, is the payment arrangement I made with First Franklin termed a forbearance or simply that: a payment arrangement? We started the modification process before the Making Home Affordable Modification program was in effect. Can we request to be considered for that program or is the process/requirements the same?

I am very wary of quitting my second job since currently at my first job I am only working 24-32 hours a week and there is speculation that my company may file for bankruptcy protection and I don't know how safe I am with respect to my job (although employees have been told that for the foreseeable future, nothing will change). If my hours continue to dwindle, can I call First Franklin and tell them that my income has been reduced? Also, due to a high risk pregnancy, my co-borrower has been visiting the doctor and specialists quite frequently, adding an additional $100 per month to her debt. Can we modify the financial information to show that?

We want desperately to keep this house, but feel that our good faith efforts (getting a second job) are being taken for granted. We are feeling forced into taking whatever arrangement they want to make because there doesn't seem to be any alternative for us. We aknowledge that we are behind on payments, but we just need a little more help to get a more affordable housing payment and a reduction in the interest would help a lot.

I look forward to any added information/advice you may have.