Most lenders will tell you that you can't do a loan mod if you;re not behind on your payments. This is not the case and they are just stalling you and will give you the run around. If they think you can make your current payment they will not want to do the loan mod. The federal government is putting pressure on lenders to help homeowners do the loan mods and they require that you have at least one hardship from a list of about 20 and it sounds to me like you may have more than one. Yes you could qualify for a loan mod and substantially lower your monthly payment and possibly get a lower fixed rate without paying high attorney fees. Contact me and let me show you your options.
Why not consider a short sale and settle with an apartment for a while until you can save some money for another house that you can afford? Securing your income is probably the most important at this time because you will not know what would happen; at least you have some cash in the bank. Many homeowners would rather rent right now if their income is just going to a house payment that they can't afford. Short sale is a very good option if you truly cannot afford to keep the house.
I suggest you contact my rep at AALMG (All-American Loss Mitigation Group). They have worked with many of my clients and gotten them GREAT results.
Just fill out the form and a representative will get back to you ASAP!
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