if i were the homeowner, I wouldn’t agree to tell the bank anything. the house is worth what it’s worth. if the loan mod is int he best interest of the bank, it’s a good deal for them if I’m a millionaire or just a working guy able tomake the payment. i shouldn’t have to kick in more just cause i have cash. screw the bank. nobody should disclose! it’s similar to a seller asking to see my bank acct/401k accounts to figure out whatt he selling price should be, for me. I say, whatever price it’s modified to has no relation to how much i can pay. caveat. im (barely) thinking as im typing and have no idea whether this makes sense.
