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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Just think Dan, there still might be some folks who are unfortunate enough to still have jobs and equity and they will have to pay to refinance just like always . .
It is amazing the many various ways this country is being bankrupted, isn't it.
I am just watching and listening.
IMHO Marcia, I can support or oppose some piece of legislation based on my principles. But when it comes to a Real Estate Transaction all that matters is the Best Interests of my Client/Customer. hence the countdown clock for the housing credit I oppose on principle. is something I must make sure my clients/customers take advantage of, if it is in their best interests. These are some times we are living in. I appreciate your stopping by Marcia Marcia Marcia :D