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I know my title leaves a lot to be desired (so does my situation), but I have just had a modification on my first and the 2nd is owned by the same lender but behind by almost three months. Before I got the mod, they said they would not negotiate on the second but that they might put the back payments on the back end of the loan for the second if I got the mod on my first. The two payments together, I can barely make as it is. Will they foreclose on the second after doing a mod on the first or should I look for some future offer that will make this a little easier? I know there are more foreclosures coming down the pike and feel I could, long term, make the first and second if the interest rate were just lowered on the 2nd until things get a little better. Work still has not picked up and it was a hard and fast fall from grace for my family. I really can't believe we made it this far.
Not to whine but California construction sucks right now. Before this, our mortgage was very manageable with my work and it's a fairly unique home that is not for everybody. Bought in 97. Hate to lose it but would sell it if I get the chance. Working towards any solution.
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