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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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The Beauty of Rent


 I know that in this housing crisis the main thing everyone is thinking about is saving their house with a loan modification.  However, many people go through months and months of agony before they realize there is no way they will ever get modified and they are going to lose their house.  Many of these same people, once it becomes a reality, realize that there are still options for them.  Renting can be very a good option for many people.  By renting in your current neighborhood you can keep your kids in the same schools and drop your monthly payments drastically for the same quality house you were living in.  If you think about it, on these homes that are upside down, you are really just renting anyway, at a premium.  If this is your situation then talk to Loan Modification 411 about a Died in Lieu to avoid the stress or a Cash for Keys.  They might be right up your alley.

MAC