Re: Loan Modification Denied
I don't see any reason in the lender wanting to foreclose on the property if your upside down on the property. This would only make them take a larger loss if they did so. If your property had equity, then it would be a different story. Try reapplying for a loan modification, but doing it by yourself is quite difficult, try using a local lawyer to help you with the process, make sure their expertise is in mortgages.
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