| Re: HAMP and 2MP
Quote:
Originally Posted by MyHAMP  Once we are done with our HAMP on the first, we will take the CH13-route to get rid of the second. From the income-numbers, we could also file CH7 but why should we put anything in jeopardy? The additional cost of the CH13 over a CH7 can easily be covered by the amount we would have to pay as a settlement.  | Thats the current plan for us to, unless there are changes in the rules/laws.
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John, Upside down big time.
1st modified again=USBank, 3% for 5yrs, 4.95 cap for the life of the loan(no principle write down but a stable solution)
2nd(heloc)=BofA offered three month trial at 1/3 the payment. We'll see. |