Legal Question in Real Estate Law in California

Based on our experience yes, but it is more difficult and depends on a variety of factors such as value of house, type of loan, who the lender is and other things. Give me a call if you wish to discuss it further. We offer a free evaluation and consultation. See my website bellilawfirm.com or call 415 981-1850 or toll free 866 981-1850.

Theoretically, yes. Loan modifications are private agreements between lenders and borrowers, and there are no rules saying what the collateral has to be for a modified loan. Heck, when I was a kid, I used to get loan modifications from my parents on unsecured advances on my allowance. I think your chances are better if the house was originally financed as an investment property, rather than owner-occupied but you changed your mind and moved out, thus taking it into a non-owner-occupied property after the loan was made. Lenders can be pretty sour about supposedly owner-occupied properties that turn into rentals later on.