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Do I take a loan modification with a loan that is $27,000. more than the original loan?

Posted on: 06th Apr, 2010 09:50 am
Lost my job and got behind on mortgage payments. I have been trying to get a loan modification on FHA loan through Chase for the last year. Finally got modification and loan amount has increased by $27,000. Payment is $80. less than original. Take the mod or bail??
A query similar to yours has been answered in the given page (check out the query of Sheila and the subsequent reply by James Hogg):
http://www.mortgagefit.com/know-how/loan-modification-13.html#159159

Take a look at it. I hope it'll help you.
Posted on: 07th Apr, 2010 02:29 am
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