Posted on: 12th Jul, 2010 05:08 pm
what is the better option.
Wait for a loan modification in a house that i am 100k underwater or do a strategic giveback and rent before my house goes into forclosure? I have already been discharged on a chapter 7 and the house was not reaffirmed.
Wait for a loan modification in a house that i am 100k underwater or do a strategic giveback and rent before my house goes into forclosure? I have already been discharged on a chapter 7 and the house was not reaffirmed.
Do you want to stay in the home if your payments are modified? If so, I'd go for the loan modification.