24th February 2010
If you are the one of the approximately 20% of American homeowners that is upside down on their mortgage, meaning you owe more than your property is worth, a new program known as Principal Reduction may be just what you've been waiting for.
A Principal...
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24th February 2010
A Principal Reduction Program (PRP) is essentially a large scale Note Purchase on the secondary market. The PRP allows a homeowner who is at least 25% upside down on their mortgage and has documented income which supports a debt-to-income ratio of 50% or ...
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11th February 2010
Beginning less than a year ago a company in Scottsdale, Arizona backed by a $50 Billion hedge fund has started offering underwater homeowners a permanent solution to their nightmare of negative equity. Offering a Principal Reduction Program which essentia...
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12th January 2010
Are there any other options for upside down mortgage holders besides short sales? There answer is now yes. A new program known as a Principal Balance Reduction is being offered to upside down homeowners that meet a few basic qualifications. As long as the...
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05th January 2010
They are hard to find but the answer is YES. There is a home loan refinance program that offers principal reduction to homeowners that owe more on their home loan(s) than the property is worth - as long as the homeowner meets a few criteria discussed at t...
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05th January 2010
A Home Loan Mortgage "Balance Reduction Program" is a relatively new home loan program that millions of American homeowners can benefit from. It is NOT a loan modification that simply reduces your interest rate and monthly payment on a temporary basis. A ...
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05th January 2010
A Home Loan Mortgage "Principal Reduction" is a relatively new home loan program that millions of American homeowners can benefit from. It is NOT a loan modification that simply reduces your interest rate and monthly payment on a temporary basis. A home l...
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