We started the loan modification process with AHMSI Feb 2009 with the help of a wonderful HUD counselor. After many months (and many trees), we finally received the loan modification agreement on April 12th. Two questions:
1. It does not state anywhere on the agreement that this is a trial.
2. The new monthly amount actually INCREASED! It is basically the old monthly amount PLUS taxes PLUS insurance bringing it to a monthly total of $2,800!
I do not want to sign this agreement as I know I won't be able to maintain it. Does anyone have any experience with calling AHMSI and asking to modify the modification? I feel like I'm being set up for failure (and foreclosure).