I was the unfortunate victim of the Housing Bubble and FIled for a Shortsale in July 2010. My Mortgage had a 1st and a 2nd. The first was with BofA and the Second was with Navy Federal Navy Federal was unwilling to negotiate because Bof A was not going to give Navy Fed its fair shale of the reduced sale. THe only way was to agree to a promissary note which I signed for 26, 000. This is much less than the amount owed previously 69, 000. It had zero interest and required 140/month payment. This was fair by me considering how much I was forgiven... read full review »