Is it hard to get approved for a loan modification with equity in the home?We are applying for a loan mod to prevent foreclosure through B of A. When I input our numbers into the Making Home Affordable NPV calculation, it shows a negative NPV. This is mainly due to the fact that we have equity in the home (so the investor would make more money by foreclosing vs offering a loan mod.) We are earning enough money now to make the monthly payment but we are behind by six months of payments so we are mainly doing the loan mod in order to get that amount put back into the total amount due (because we don't have the money to pay that off.) But it is disappointing to hear that possible because of our equity we could be denied....if we were underwater it seems we would have more of a chance of a positive NPV and thus eligible for a mod. Does this seem on track with what others have experienced? Even though the home owner makes enough income to make the monthly payment they are denied a mod because of too much equity?September 20 2013 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.