[Moe Bedard]

Actually that isn't the case with a large deficit...................they want to make sure that you can afford the house and expenses.............not just the mortgage alone...............

For instance..............if the deficit were already $1000 and the modification were only able to drop the payment by $500..........you wouldn't be able to afford the home even with a modification because there would still be a deficit of $500 at the end of every month..........so they won't approve a modification in this case.

But if the deficit were $300 and the modification dropped the payment $500..............in this scenario the modification would help because there would be a surplus of $200 left at the end of every month.