Loan Modification right after BK7

[illinois2009]

I have an 5 arm as int only and second is a line of credit, o owe total 360,000 to bank of america on both mortgages and i think it is worth 320,000. just filed 7 and meeting is may 15. i pay all interst right now and would be nice to have a bity lower payment with principal with 30 years fix loan.

[HHM]

What are the terms of your loan and is your home worth less than what is owed?

[illinois2009]

would be bad, i thought i could reduce my mortgage payments reduced later this year too.

[HHM]

A BK doesn't automatically disqualify you from a modification, but at the same time, I haven't heard of anyone getting a modification after BK.

[illinois2009]

Anyone knows if Loan modification is allowed if you just discharged chapter 7?
I just filled but I will try to reduce my mortgage payment right after (IF) discharge chapter 7.
My bank is bank of america, any experience with them?

thanks