Residence is underwater
Can I acquire a “HAMP’ loan modification if I have a first mortage with GMAC and a second mortage (Equity line with Wells Fargo). GMAC balance $71,000 and Wells Fargo equity balance $99,500. Zillow value is $123,400.
Please advise as Wells Fargo could not accomodate with loan or GMAC due to second mortage.
I do not want to be scamed by utilizing internet sources.
Thank you for your courtesy reply.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.Can I Get a HAMP Modification if I Have a Second Mortgage? - Jim by Steve Rhode