Posted on: 05th Jul, 2012 12:08 am
I see there are wonderful programs out there for struggling homeowners but when I look at the eligibility criteria; a requirement is usually you must live in the property. Are there any programs out there for property owners with rental homes that are severely underwater? Thanks!
Hi Cavaet,
I doubt whether there are any such programs. Most of the programs to help underwater home-owners specifically mentions that you should be presently living in the underwater home. Investment properties hardly qualify for such programs.
Thanks
I doubt whether there are any such programs. Most of the programs to help underwater home-owners specifically mentions that you should be presently living in the underwater home. Investment properties hardly qualify for such programs.
Thanks
if you are current on the home, then you may qualify for the harp refinance programs. you home must have been guaranteed by fannie mae or freddie mac before may 2009, and you must be current and able to document income...
I have also some confusion about existence of such kind of real estate programs. So that people would easily get home for them. Thanks a lot for discussing this topic in this thread.
Most of people and also many real estate agent are unaware and has little confusion about such kind of real estate programs. I am also unaware about such kind of real estate programs So please provide me some more information about this program in this post.
>>Are there any programs out there for property owners with rental homes that are severely underwater?
No.
No.
I am much grateful to raymond for providing your valuable feedback in this thread. It would help to improve my skills and information about real estate business.