B of A HELOC loan Mod - ??'s/perhaps a success??

[Mike]

Hi everyone, new here and have a question. I'm here because one of three rental homes dh and I stupidly purchased several years ago is currently in foreclosure. The other two simultaneously had vacancies and damage. It has become a vicious cycle and it's now become difficult to make ends meet, although we've been currrent with our primary home mortgage. My question is this: with the two rental homes we hope to keep, we got behind by 2 payments. One home loan is with Chase, the second is with Citimortgage and GMAC. The homes are now rented and they're flush each month so I can make the payment next month on both homes. Ultimately I'd like to tack the missed payments on the backside of the loan. They both have good fixed rates. So I'm not thinking we need to do a loan modification. Any thoughts? Thanks very much.Leigh