Nel,
Welcome to the forum and thank you for joining...............
you have a five year interest only loan at a very good rate.........you will definately need the help in any negotiations with this.........most of the modifications amortize the payments to include Principle, Interest, Taxes, and Insurance...........so that could in turn raise the payments instead of lowering them, which won't help you out of the hardship moving forward............having the attorneys examine your docs will help you gain some leverage with the lender to avoid this happening and maybe be able to keep the loan at the interest only..........provided your taxes and insurance are up to date and current.............
Here is additional information on the doc review just click on the link below............we have several members using the service with great results.........
Free Foreclosure Help - Loan Modification - Mortgage Help