Have I satisfactorily answered your question? If I have please remember to click the GREEN ACCEPT BUTTON so that I will receive credit and compensation for my time (doing so does not end our discussion), i will gladly clarify my response or respond to follow up questions if needed.
Thank you I will accept and provide you with credit. I asked because the lawyer I had spoken with who was recommended through my work CLC told me I was not eligable for a modification since I was current on my mtg dispite the fact I owe about 50K above market/income value of my home and pay 6.5% interest when I have tried to get that reduced-and ended up in an expensive interest only payment-stupid I know but I was desperate. Long run on sentence, sorry. The lawyer told me I would have to pay 2000.00 plus hourly for him to file a modification and that since I did not actually qualify I would be lucky to get them to 4%. Now he was nice but Ifelt he was not being honest with me-not good vibes for a lawyer to give off which is why I will ask my magical 3 additional questions to nsure I am safely covered as I move forward to save my home for my son and I! I do thank you fro the advice. What would disqualify me from a modification? I have been reading govt sites(HUD, Att general etc) and have the required papers to fill out but need to be secure with my movements. Thanks!
Are there any of the programs that would be best for me to persue with the bank?
The lawyer I spoke with told me the charge for bankruptcy was $2000.00 plus his hourly fee!
So are you also advising my only option as a homeowner is bankruptcy or foreclosure?
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