Long story short....Attempted a loan mod with BOA in late 2009/early 2010. The terms were not very good (only saving less than $100/mo) so I decided to forget it and catch up the payments and file Ch 7 on everything else. So, all of that was completed in Sept 2010 and I have made every pymt on time since Feb 2010.
The payment is still too large every month ( I know I should've walked away, but I didn't). I am current, but I have been kicking around the idea of trying another loan mod. Would it really be worth all the hassle?
My current terms are : 30 year fixed @ 6.125%
I am not underwater and I do have about $20,000 equity in the home. I have tried to sell my home, but we all know how that is going right now. I would really love to stay in my home, but I'm not sure how much longer I can stay current. Help! What would you do?