That's a decision only you can make. Can you afford the payments? Can you sell it? If you let it go (I'm assuming you mean foreclose), is it worth ruining y ... more
Has your 2nd mortgage agreed to a short refi? I can help but I will need more information. Please call or send an email.
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The government web site for the various programs is http://www.makinghomeaffordable.go ... more