I had loan modification with Chase, they have sent me modification package that i can't pay, more than my income. during trial period it was like 2500 which is ok with me. the final modification is about 4000 its just about double.
I have submit accept or reject in 1 week. what should i do?
here is loan info
with late fees and missing paymaets is about 660,000
they have also added bolloon value of 300,000
current value of my home is about 450,000
I have calculated 4000 payment for 30yr is about 1.1 mil, is that right?
Please help, what should i do, should go to lawyer? what will chase do in my case in any one knows?