You left out some important info:
What is the current balance?
What is the current Value?
Where are you located?
What type of property is it? (Single family, condo, etc)
If this a primary residence, investment property or 2nd home?
What is the current balance?
What is the current Value?
Where are you located?
What type of property is it? (Single family, condo, etc)
If this a primary residence, investment property or 2nd home?
Also, when was the 30 day late on your mortgage? Is this cash out to lower you monthly debt?