Posted on: 12th Nov, 2010 07:53 am
i owe over 190,000.00 on my house . it was value at 200,000.00 and now its only worth maybe 75,000.00 .how should i deal with this situation
Under the HAMP program the government's modification assistance there is a PR (principal reduction) option. However, you need to find out if your Investor who owns your loan is: 1) participating in the HAMP program 2) will they consider doing a principal reduction. In most cases getting a lender to do a principal reduction has been extremely hard.
You should follow us on facebook as to our blog is posted everyday and reviews the ongoing changes and news in the foreclosure business. As well as helpful tips and information!
good luck!!
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You should follow us on facebook as to our blog is posted everyday and reviews the ongoing changes and news in the foreclosure business. As well as helpful tips and information!
good luck!!
[External links deleted as per forum rules. Thanks.]