Underwater property 100% occupancy, loan modification pending

[Jon Mizuno]

HI All, I have a 'single family' property in Hawaii that has been underwater for 5 years as Ive been applying for a loan modification since then, with no success so far (Ive reapplied multiple times).  It's fully rented (3 units) that potentially could cover a restructured loan.  Im not so positive that it will succeed this time around either in terms of attaining a loan modification and am teetering with the thought of filing bankruptcy or foreclosure.  Anyone experienced the same?  Any suggestions or advice?  Thank you