I have two properties. One has a 750k loan on the first and 93k on the second; this is my current residence. The second property has 450k on an Adjustable ARM that is a Negative Amortization, which will expire in a few months (old residence of 16 yrs, now became a rental). Will it be possible to get a loan modification for both properties? The first property is a fixed interest only, the second is a negative mortization. I am in Northern California.
Thank you for your time