Loan Modification Forum - LoanSafe.org - View Single Post - Trying to modify for 7 months, not making any more payments!!

rozuki · 04-20-2009, 08:26 PM

Hey Scottdog,

I tried for a arm loan mod with CW for 5 months....they would not take me seriously and the mods they sent (3 of them!) I rejected. I have now submitted through NACA and have not made a payment in two months.

The more I think about the fact that even with a loan mod down to 4% or lower, my house has lost so much value since last appraisal, it may be better for me to hand in the keys and start over in 2 years......but for now I will just pay down other bills and not worry about the mortgage.....strange times we are living in!

04-20-2009, 08:26 PM	#2 (permalink)
rozuki Senior Member Join Date: Mar 2009 Location: Long Island NY Posts: 356 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Trying to modify for 7 months, not making any more payments!! Hey Scottdog, I tried for a arm loan mod with CW for 5 months....they would not take me seriously and the mods they sent (3 of them!) I rejected. I have now submitted through NACA and have not made a payment in two months. The more I think about the fact that even with a loan mod down to 4% or lower, my house has lost so much value since last appraisal, it may be better for me to hand in the keys and start over in 2 years......but for now I will just pay down other bills and not worry about the mortgage.....strange times we are living in!