Upside Down Mortgage

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upside down loan modification

Question: We got a modifacation with our first loan company but now our second loan company wont do the same?

Our first mortgage was modified and our second lender gave us a temporary modification until we had gotten a modification from the first lender but now the second lender is saying we cannot have a permanent modification because we make to much (obama 31%) But tey do not take into consideration all bills just partial but people still have to pay all their bills. We are thinking of renting and letting our house go back because both lenders won't work with us what should we do?????????? We are upside down on home and we are not getting help that we need. Its been going on for a year now HELP..........................................................

Answer: I am currently going through the same thing with my mortgage company. They said I didn't qualify for the new Obama housing plan. So I politely said thank you, went to the HUD website found a housing counselor in my area. The counselor came up with 3 new solutions that my mortgage company wouldn't even offer me. The counselor will speak to your mortgage company on your behalf. By the way this is all FREE of charge paid by the government. So best advice is to seek out a housing counselor in your area via the Hud website it is a life saver. Hope this helps and God Bless.

How to get Loan Modification Approved, Foreclosure, Mortgage Relief, Short Sale, Baileyhomes4u.com

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