WASHINGTON (Source: MarketWatch) — I’ve asked my lender to modify the loan on my home because of a reduction in my wages. I owe more than the house is worth, so selling isn’t an option.The first set of paperwork — income, pay stubs, expenses, etc. — that I sent was acknowledged for about six weeks, at which point it apparently disappeared into a netherworld. I resubmitted the paperwork and was placed on a three-month trial period. I was told that I would receive an envelope of paperwork after the first trial payment. It’s coming up on my sixth trial payment and I have yet to see the package my lender promised.
May 6, 2011, 12:01 a.m. EDT
to read more, click on this link