Just got a letter in the mail today stating that our modification was rejected! I have no idea why? yesterday we also got a letter stating that our propertywas tax assessed for 70k less than last year. We owe 290k on a house that is probably worth 210k ans our next ARM adjustment is in april. It adjusts every six months! We don't have any lates, but want a mod to avoid our credit going in the crapper. Do you have to have lates to get a mod now?!?! That seems to completly contrast with the point of a mod in the first place!?! Help, what do we do now!?!?!
