If you haven't already attempted to use or go through HAMP I suggest you try them. It is a Government program which is completely free. They assign you a counselor which will work with you and the bank to attempt to modify. Several attorneys, Realtors and companies whom claim to be experts go through HAMP but charge the homeowner. If you want to do a little more research log on to www.makinghomeaffordble.gov. GOOD LUCK! Now keep in mind that the Debt Relief Act of 2007 will be expiring at the end of this year. This alone might help you in deciding the route you want to take.