the Settlement in February the resulting Hamp Tier 2 program says a negative NPV can now be modified as well as excessive forbearance modification do

Asked by Joanna Jensen, Livermore, CA Tue Apr 24, 2012

If your home has negative equity you want to get advice from a local attorney who has experience with programs that are working and are succesful. Loan modifications are getting approved, with the new principal reduction program if the loan is upside down by more than 115% you may be able to get a principal reduction. The lender suggests that you try a modification before a short sale.

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