Hello all - thanks for this great resource! It is really useful.
I have a mortgage with Citi that got modified July 2011 due to my divorce. They were great about it. However, I still struggle to make payments, though I barely manage. When I called in a few weeks ago, I was told that I qualified for a principal reduction since (a) citi owned the loan and (b) the house was underwater. They said there were no income restrictions on this offer, and that the above were the only two conditions for the offer.
When I called in today, I was told I will not be offered the p/reduction because I had received help in the past two years. That seems to be a new pre-condition.
Any advice? I already know that I will not qualify for another loan mod, but I was hoping for the p/reduction since I am severely underwater, and can barely afford payments.
If anyone wants any info on my loan mod process last year, please ask - am happy to help!