Need some help here, what to do? I'm still current.

[Joel Fraser]

I'm in a pickle here and really very confused about the way things are going se here goes my short story: I live in Las vegas Nevada 1.- I bought my house in 11/07, 100% FHA with 3% builder assistance, (*Flagstar* lender) 6 1/4 % fixed 30 years for $299000. Monthly payments are in check so I have no problem there so far. Never been late and I'm current on my payments.2.- Company that I work for lost a contract with the company they were doing business, that is going to affect me since now my income will be reduced considerably, about $8.88/hrs short and probably will get less work hours.3.- Started to look for a new job, got a job offer from an out of state company and they are asking me to relocate to a new city. they will pay all relocation expenses including the closing cost of the sale of my house and 1/2 of the closing cost if I purchase a house with in a year.They have asked for a BMA analysis to 2 Real state agencies, after that they sent to me their Realtors, both of them have said to go with a short sale and seek legal advice from Real State Attorneys. I called the lender about getting a way to keep my house by doing a loan modification or a short sale but the Lender does not even what to talk since I'm current on my payments, How ridicuolus is that??? so for me to begin a process they want me to trash my good credit??? and then they will see how to help me? yeah right!! the new job will let me afford my home if there's a loan mofication to current house values, I owe 293,000 dlls and comparables to my house are around in the range of 180 to 220's. Where can I seek legal advice and for how much it will cost me? Last but not least what options do I have in regards to the short sale???? I wanted to lay out a plan for the lender: First option get the loan mofication and reestructure the amount (180 to 220 will work for me, with same % rate). Second option face a short sale and offer to pay out of my pocket all of the closing cost of the lender only IF they do not trash my credit. Mean time keep paying for the mortgage amount. Third Option face the short sale and not pay anything and take hit to my credit but still making payments untill house is sold. Fourth let it go in to foreclosure. Can they come back to me for the diference of the amount owned and sold? Thanks.

[Jim B]

Joel,

I feel your pain my company can definatley help you out. The problem with modifications is knowing what can and cant be done. Go to my website www.reviewmyloan.com we can help you.

Jim