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upside down on loan

obsidian
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The last post in this topic was posted 6275 days ago. 

 

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obsidian

obsidian

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We bought our house in 2007 for $247,500 and the house was valued at $265,000 so at the time it was a good deal. Well now our house is valued at $153,000 so we are severely upside down on our loan.

 

Our there any loan mod options really out there for this type of a situration.

 

Our lender is Countrywide.

 

Thanks!


hurricanesfans27

hurricanesfans27

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none unless countrywide is offering and if youre current they wont offer it to you. even if you fall past due they may just foreclose anyway so i dont know if i would take the chance if you can afford the payment.

GoingbrokeinMI

GoingbrokeinMI

Posted
Posted
We bought our house in 2007 for $247,500 and the house was valued at $265,000 so at the time it was a good deal. Well now our house is valued at $153,000 so we are severely upside down on our loan.

 

Our there any loan mod options really out there for this type of a situration.

 

Our lender is Countrywide.

 

Thanks!

 

 

Are you able to pay and afford your mortgage payment?

The last post in this topic was posted 6275 days ago. 

 

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