In California many homeowners are stuck in upside down mortgages and want to know how to get a principal reduction with a bankruptcy attorney if they have a failed loan modification. While many seek principal reductions through loan modifications the truth is they’re few and far between. In Riverside, San Bernardino, San Diego, Los Angeles and Orange counties many home owners took out 2nd mortgages just to buy their home, let alone taking out HELOC’s to do home improvements and ...