Loan Motification
We are looking to either keep the property or sell it, although we would probably prefer to sell at this point. We owe more than the house is valued. We tried to have the lender modify our loan, and they denied us. We tried to refinance through the lender and they denied us. We are currently at 8.6%, and it's adjustable. Our situation has changed because we do not have a fixed rate and the payments continue to rise, and we cannot afford them. Our lenders name is CitiMortgage and our second mortgage is with Chase.
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