Is anyone aware of or had a principle reduction in a loan modification?
I'm discussing a loan modification with my lender (Citi). The home was discharged in my BK last month.
They seem willing to work with me, but the biggest problem facing the modification is the house is $70,000 underwater. I won't consider unless the principle is reduced.
Any ideas about what type of modification they'll offer?
I'm discussing a loan modification with my lender (Citi). The home was discharged in my BK last month.
They seem willing to work with me, but the biggest problem facing the modification is the house is $70,000 underwater. I won't consider unless the principle is reduced.
Any ideas about what type of modification they'll offer?