We purchased our home in 2004 for 340k and current homes in our area identical to ours our selling at 125k. We applied and were approved for HAMP in 2011 our payments went from 2400 to 1700 per month. We are current on our payments but we are still struggling to make payments and HOA that is 330.00 per month. We heard about SAM and applied for SAM through OCWEN we had several conversations with them and thought we might get approved but recently received a letter advising that we were denied because we are current on our payments with HAMP. Has anyone been approved for SAM through OCWEN that had previously been approved with HAMP ... if we could get a principal reduction it would make our lives so much better ..its hard paying for a home that is underwater especially when your neighbors move in and you know that they paid 125k for the same house. Any help our guidance would be appreciated - ohhh BTW we reside in San Jose California. We are feeling trapped in our home with no way out.