mortgage co. The attached BPO has the market value low enough to strip the second lien.
In my plan (confirmed) I surrendered the property.
Question. Can I now attempt a mortgage mod and amended plan that strips the second now that I know what the mortgagee believes the home to be worth?
If I somehow get a mod based on the BPO it would be cheaper to stay than to rent.
I know it depends on whether the mort co is willing etc.
Is it procedurally possible???
I've emailed ATT and proposed the above and am awaiting response.
In my plan (confirmed) I surrendered the property.
Question. Can I now attempt a mortgage mod and amended plan that strips the second now that I know what the mortgagee believes the home to be worth?
If I somehow get a mod based on the BPO it would be cheaper to stay than to rent.
I know it depends on whether the mort co is willing etc.
Is it procedurally possible???
I've emailed ATT and proposed the above and am awaiting response.