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Refinance or Sell????? HELP PLEASE!

We owe 207,800 on our home.  It was appraised at 210,000 in 2006.  We did a loan modification 1 year ago under the make home affordable program but they only took .25% off of our rate and we are still high at 6.75% We also pay 167.20 a month in PMI and our total loan payment is 1836.00 a month with escrow. We can't afford our payments since my husband was laid off and his new job doesn't pay as well but we filed bankruptcy in Feb. 2010 so if we sell we won' t be able to get another mortgage. Is there anything we can do?
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October 03 2010 - Bettendorf
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Answers (3)

Nicole,

You are between a rock and a very hard place!

Has Kelly obtained employment yet?

Please let me know if I can help.

Hope you are enjoying your beautiful pool this hot summer!

Take Care!

Lucky :)
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August 22 2011
Unfortunately, wetdawgs is right.  You may need to contact the company that is carrying your mortgage and see what the possibilities are.  There are also some Realtors who specialize in short sales that you may want to contact for some guidance.  Best of luck.
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October 04 2010
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I suspect it is time to start thinking about a short sale.

If I remember properly, the government programs allow only one modification under their programs.  
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October 03 2010
 
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