This may be the best time to modify
The five biggest lenders – Bank of America, Chase, GMAC, Citi, and Wells Fargo – have $25 billion to use giving principal reductions.
If your property is worth less than what you owe on your first mortgage and if you have had a hardship, you may qualify.
We have recently gotten principal reductions for our clients from Chase, Ocwen, Chase (EMC), and Wells Fargo.
I do telephone consultations for no charge.