Open Question: Is there any option for people who are upside down on there homes and

[Administrator]

As lots of folks, my girlfriend and myself are upside down on severalproperties. I heard of attorneys negotiating with lenders to reducing theprincipal of an existing loan and refinancing so that we could reflect themost recent home values in the complex or area. Is this true? Is thereanything we could do to get rid of a home mortgage that is going to adjustand increase (i.e, sale by owner, all inclusive transfer of trust deed, etc.)?We need to talk to someone experienced and that can offer us real optionsbefore we become victims of forclosure/shortsale... Please advise.This is my second edit. I am a home owner and as lots of folks, my girlfriend and myself are upside down on ourproperties. I heard of attorneys negotiating with lenders to reducing theprincipal of an existing loan and refinancing so that we could reflect themost recent home values in the complex or area. Is this true? Is thereanything we could do to get rid of a home mortgage that is going to adjustand increase (i.e, sale by oner, allinclusive transfer of trust deed, etc.)?We need to talk to someone experienced and that can offer us real optionsbefore we become victims of forclosure/shortsale... Please advise.


To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.