One possible solution, but not guaranteed, is an offer-in-compromise. In fact, only a fraction of OIC applications are granted. You must be able to show the IRS that this is the most you are able to pay.
By Susan V. Gregory Homeowners facing financial hardship may qualify for help on their second mortgages with the federal loan modification plan enacted by President Obama. The very aggressive loan workout program is aimed at reducing mortgage payments so that borrowers can avoid foreclosure and stay in their homes. This plan is extended to include [...]
They are a few options to changing your current mortgage – The bank, at its discretion, can choose from a number of options to provide you with a lower payment and/or a new principal balance. It can extend the term of the loan to 40 years, from let’s say an existing term of 30 years