Mortgage Forum
What have people been doing that are upside down?
This is a discussion on What have people been doing that are upside down? within the Home Mortgage forums, part of our Mortgage Chat category; What have people been doing when they are upside down? Has anyone had any success with the second lien holder ...
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June 14th, 2008, 01:10 PM
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| Senior Member Join Date: May 2008
Posts: 907
|  What have people been doing that are upside down? What have people been doing when they are upside down? Has anyone had any success with the second lien holder redoing the second? We bought our house Nov. 06 and currently are $105,000 upside down. We've had zero success with our second lien holder Homecomings because we are not yet late. Our first lender Amtrust modified our loan for us without any questions. We told them we were nervous becuase in one year our ARM was set to adjust. After a lot of thinking unless our second Homecomings helps and forgives part of the 2nd lien I think it's best to walk. We live in FL and it's going to take 6+ years to get $105,000 back. Easiest thing is to walk and file Ch. 7 and start again. |
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| Thread | Thread Starter | Forum | Replies | Last Post |
| Wells-1st/Chase-2nd upside down and laid off | Joel Fraser | Home Mortgage | 0 | June 9th, 2008 08:41 AM |
| Wells-1st/Chase-2nd upside down and laid off | Joel Fraser | Home Mortgage | 0 | June 6th, 2008 10:10 AM |
| Upside Down, Washington Mutual | SuzieQ | Home Mortgage | 0 | May 14th, 2008 12:55 AM |
| Upside Down Modification? | Mike | Home Mortgage | 1 | May 9th, 2008 11:46 PM |
| What does this mean for people like me? | Mike | Foreclosure News | 0 | April 15th, 2008 02:54 AM |
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