Whatever you do, the best advice I can give you is to not fall for the scammers in Utah targeting the borrowers who are struggling. There are several investors who are actively seeking struggling homeowners who may promise you great things with the only thought of padding their own pockets. Please seek out a HUD approved counselor to discuss your options with. http://tinyurl.com/UTHudcounselors
These counselors are free and should be your first call. Do not listen to any of these other people who want you to pay for a service in the guise of helping you.
I am a licensed real estate broker in Tremonton, UT so if you have any more questions about anything please send me a message, absolutely no obligation or spamming, just honest straight forward advice.
You can find me at http://www.BRVRhomes.com. Visit with a HUD counselor FIRST!!! [http://tinyurl.com/UTHudcounselors]
If you have had a good payment history prior to your current problem the bank might consider re-aging the loan so you would have more time on your loan but you would get to stay in your home. However, in order for that to fly you will have to be able to show them that you have some possibility of being able to make the full payments again within say 12 months. Some examples of ways you might present your future ability to pay the mortgage would be showing that you are about to start a new job and need time to get on your feet or maybe show that your profession is in high demand and that it will be easy to get new employment. If you are not able to show that you will be bale to make the payments at some future date they probably will not consider it. If you are not able to get another modification I would suggest investigating a short sale as it will allow you to stay in your home longer and it is easier on your credit than a bankruptcy with a foreclosure involved
Best of Luck!
Carole & Greg
I doubt they will give you a loan mod with no income. I'd get the place shaped up and sell it before you lose everything - house and credit.
Then when you get back on your feet there will be plenty of homes, at discounted prices, that you can look at.
Take a look at the website below to help You pick a good Realtor by you.
You can also try to do a short sale with a quaified agent in your area... remember that the building you are living in is not what makes your home... it is just a structure... you can have happiness, love and "a home" in any building structure... so if the bank wants it so bad, let them have it, and rent the house accross the street for less money and without paying taxes... just avoid a foreclosure, so you can buy a new property in two more years....
Explore all your options...
Best of luck!