Would a Streamline refi after Jan. 1, 2009 preclude eligibility to receive a HAMP modification? If so, what other alternatives may be available given the following scenario?
I purchased my house in March of 2008 with an FHA mortgage through Countrywide.
In August of 2009 I completed an FHA Streamline refi through BofA.
- At the time of the refi I was on short-term disability (STD) from a car accident.
As my disability has not improved, I am on long-term disability (LTD) and having a difficult time making my current mortgage payment.
- Based on my LTD income, my monthly payment (P&I, Tax, HOA) is slightly more than 50 percent of my gross monthly income.
Thanks for any help!