| how to deal with this problems
need an attorney very badly for loan modifications . I live in bay area in northern California
I have 3 homes- one is primary the other 2 are rental houses and one rental is underwater other one rental and primary
are being underwater.
All 3 loans are interest only loan and will rest to higher rate making higher payment in coming September.
if I ask loan mod only my primary then maybe ok ( PITI- front end 41%-back end 70%)
but when i added the 2 rentals all 3 then front end 70% and back end 90% then sure to be turned down
if i ask short sales for both 2 rentals to qualify the mod for primary then i collect the rentals while in the short sale and not paying mortgage and tenant may be moving out causing real problem
My part of main question is i like to keep the rentals same time just mod for the primary.
how to prepare and present the loan mod paper to my lender ???
I I'll definitely contact for legal advice any attorney reading this post and able to help me
your comment or some general guideline will be greatly appreciated
| 
Connect with Facebook
Linear Mode
