New Homeowner Relief announced yesterday 3/26/2010
The White House announced another initiative to quell the tide of foreclosures. While I wholeheartedly disagree with it over my conservative principles, it is out there if you need the help.
If you are unemployed you can get your mortgage reduced as well as the payment reduced for a short time.
It seems all Upside-down homeowners may also refinance into an FHA mortgage, and the new mortgage will be limited to 115% of the homes current value. Leaving the public to cover the remainder of the previous mortgage(s)
You can read about it at Fox News, Reuters, or any other reliable news source
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Properties subject to prior sale or rental
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