When you look at your mortgage statement and you see that you owe more than your home is worth, do you feel that weight of your underwater mortgage on top you like a huge bolder driving you to the bottom? Are you drowning in your underwater mortgage?
Have you called your bank and attempted to get your bank to give you a mortgage loan modification? Are you still waiting for the results? Or worse yet have you gotten a rejection letter?
The Loan Modification That Failed
This was the situation of the McMeekin family. As outlined in the Help hard to come by for struggling homeowners post by Mike Beaudet on August 23rd Scott and April McMeekin found themselves in such a predicament.
Like you, all the McMeekins wanted to do was to hang onto their home. So they applied for the US government program. That’s when things really began to go wrong. What they thought was to be a Godsend, and were told would be perfect for them, turned out to be their worst nightmare.
As Mike reports their story, “I’ve sent my package in four times. I’ve spoken to about 190 different people. Everybody gives different answers. It’s in review, we need further information, we need current this current that,” April said.
In the end they were rejected for the loan modification, and “eight months after they applied, their lender said they were in default and they owed $11,059.17 – a figure the McMeekins said they didn’t know about.”
Does The McMeekins Story Tell Your Story Too?
Is this scenario happening to you right now? Are you behind in your mortgage payments and attempting to get a loan modification with delays in the process? Has your bank lost your paperwork while piling up exorbitant late fees and interest? Do you now owe even more as a result of trying to work with your bank?
As April said, “They’re supposed to be helping. It’s not helping, it’s just pushing you further and further in debt, and you can’t come out of it. I would suggest nobody ever do these modifications. Ever.”
Would you take April’s advice after hearing of the McMeekins sad story?
So Where Do You Go For Real Underwater Mortgage Relief?
If your bank won’t help you who can? Well, there is a program that can give underwater mortgage relief. Our Mortgage Debt Reset Program is designed to do just that. Instead of delays with the bank that end up with additional amounts added onto your principal balance, our program reduces the amount you owe to the current value of your home right now, the current fair market value.
You also get to pay about half of the monthly payments that you’re making now. So there is real underwater mortgage relief. You get lower monthly payments and principal reduction. You’re no longer under water.
See for yourself how to qualify for our Mortgage Debt Reset Program. Go to Find Out More About Our Mortgage Debt Reset Program and sign up to receive our free no obligation information package. You could be above water soon.
