Washington Mutual has not broken off yet, the are still running their loss mitigation shop. On 12/01/08 they willl start their first wave of layoffs. You can still have your loan modified on a rental property as long as you do not have an FHA Loan, they will not work with investment properties. Otherwise submit the deal or contact us and we can help. We just pulled a sweet deal from WAMU. This is no joke and I can show you the paperwork. Step rate loan mod 1% interest only first year, 3% interest only year 2 and the final step 5% interest only for the remaining term (life of the loan) and by the way it was an investment property in Florida. The government has a new program that we are rolling out with them Hope for Homeowners, you can find out more by going to
Hope for Homeowners