[Derrick L]

...do? Mortgage company approves your loan modification to an amount you can afford to pay but still higher than current market value. The modified loan agreement increases the principal on the home by $20k. Instead of owing $350k, you now owe $370k on a home with a market value of $210k.My question is do you...1. accept the modified loan agreement2. reject the modified agreement and pursue a short sale3. walk away from the home and let the mortgage company take itWhat would you do and please explain your choice. Thanks!