Unlike the way they rushed to help the banks in 2009, the government is not in a huge hurry to do that much for you if you’re in an underwater mortgage. Your mortgage holder is more likely to try to guilt you into continuing your payments than to offer anything approaching real help. And loan modifications are a joke-only 2.8% of the people who have applied have actually received them.
Read the original here:Where to Look For Help For Your Underwater Mortgage