Bank of America told me that I could lower my monthly payments by $300 per month for eight months and then it would permanently lower my payments. I made the payments for the next eight months. Then, I get a letter telling me that I did not qualify for the modification and that I had to pay $12,400 or they would foreclose on my house. When I met with Terri, she explained about Chapter 13. I had years to make up what I was behind and I did not lose my house. I am so thankful that I called them.