Home Owner Mortgage Restructuring – Is it a Short-Refi?

Almost 15MM homeowners are now underwater. That’s bad. But, it masks just how bad it is in the hardest hit areas of the country. For instance, in Modesto, CA over 80% of homeowners are underwater…most of them by more than 20%.

When it comes to principal reductions – SOME help is on the way. We want to be sure to let everybody know that we continue to accept and continue to look for applicants for this new short-re-fi type of a program that we are promoting.  It is a principal reduction refinance.  And we’re looking for more applicants. 

We already have plenty, but we want to – we want to keep flooding them with applicants.

The situation is we’re looking for people who are significantly upside down.  You have to be at least 20% upside down on your first mortgage.  So, if you are very upside down on your mortgage and if you are in default, and the third thing is if you have enough income to qualify for a new mortgage, a mortgage for 100% of the value of your home in today’s market, then you might be a great candidate for this good mortgage restructuring product that we are big proponents of.  So, if that describes you, please contact us. 

We would love to help you look at the product and think about whether or not it’s for you.

Learn more about how to handle foreclosure workout scenarios of all kind – at www.60MinuteLoanModification.com.