Would My Mortgage Holder Be More Willing to Work with a Loan Modification if Home Is Valued Less Than Owed?

mortgage

My homes value has dropped significantly with all the foreclosures in my area. Appraised at just 68,000! I owe 178,000! Would my mortgage company be more willing to help me stay in my home buy building my payments more affordable than to add one more forclosure to the LONG list in my area? To me…It would subsidy them to help me stay in a home I have been living in for that last 13 years.

Burning Down the House: What Caused Our Economic Crisis?v3

GO SEE THE NEW VERSION! www.youtube.com This video is an insightful look into the causes of our current economic crisis, which has its roots in policy developed 13 years ago. THIS VIDEO IS “FAIR USE” COMMENTARY OF A NEWSWORTHY RESEARCH VALUE. IT IS PURELY NON-COMMERCIAL FREE SPEECH. STANDARD COPYRIGHT LAW DOES NOT APPLY. I REQUEST SAFE HARBOR UNDER THE FAIR USE DOCTRINE PERMITTED BY THE FIRST AMENDMENT OF THE CONSTITUTION OF THE UNITED STATES OF AMERICA. Be respectful in your observations …