Carmelo Burgos Jr.

You're going to be given a lot of advice - Let me give it to you straight - If you can't afford to hold on to your property - there are several options - such as refinancing or a loan modification - even a possible "short sale" - of course your lender has to cooperate and actually want to help or you can go to another lender who is qualified and willing to help you modify your loan - basically working on your behalf - of course this is done for a fee - but in the long run - it may benefit you in terms of holding on to your property and paying out less money - You need to find the lender with the expertise and energy to do that - hard thing to find around here - even with the bailout money some of these banks have gotten - a lot of them have just stashed it away - with no plan - no accountability - it's a joke - Ultimately speaking - it is your choice wether you "let it go" or not - if you choose to do that - at least explore your options first - Fri Dec 26 2008, 12:45