Hi Ron,
Step 1 is to talk with your lender. Remember, that they want to collect as much as they can. They will ask you to write a hardship letter and provide a financial statement. If you do not have the ability to pay, they will work with you, generally. The last thing that the lender wants is to be a landlord/owner.
As a Realtor, there is a set routine of steps to assist owners that have no other choices to get out from underneath a mortgage. Feel free to contact me & I can assist you with the process. Call em at 440-487-2193 or e-mail me at john@CallRealtorJohn.com.
Sincerely,
John Wirsing
Realtor
Keller Williams Realty Greater Cleveland

Hi Ron:
Be Careful paying any attorney to modify your loans! I just meet with another one of my clients who got burned by a law firm who charged them to re modify there loan.
I suggest you call one of your lenders yourself to see how easy it is. An attorney won't be able to get anything better than you can yourself. If you go the attorney route I would suggest one file at a time.

Good Luck,
William