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!
Full Version: upside down on loan
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.
QUOTE (obsidian @ Apr 5 2009, 02:15 AM) 
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!
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?
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