Loan Modification Forum - LoanSafe.org - View Single Post

hype-r-29 · 02-02-2009, 01:16 PM

Hello

I have 2 home thru CW, both with upside down mortgages where the value is less than the principal.

1-home I am about 4 months behind payments and the other I am perfectly fine.

Can I qualify for a Loan Mod? also what kind?..

These homes are under "Owner Occuiped" but used as a rental property. I have a NEG-EM mortgage on both where I only do minimum payments..

Im looking for a 30 yr fixed mortgage and a possibilty of having CW lower the balance..

What can I do?

02-02-2009, 01:16 PM	#1 (permalink)
hype-r-29 Member Join Date: Feb 2009 Posts: 6 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Need Serioous Help (2 Homes thru CW) Hello I have 2 home thru CW, both with upside down mortgages where the value is less than the principal. 1-home I am about 4 months behind payments and the other I am perfectly fine. Can I qualify for a Loan Mod? also what kind?.. These homes are under "Owner Occuiped" but used as a rental property. I have a NEG-EM mortgage on both where I only do minimum payments.. Im looking for a 30 yr fixed mortgage and a possibilty of having CW lower the balance.. What can I do?