The great folks over at Keep Your
Home California recently announced that Bank of America has signed up for their
Principle Reduction Program (PRP). Now they have been on the list for a while
but it was always with an asterisk and you could not apply directly though Keep Your
Home California. Well that has all changed. If you have a Bank of America loan and you qualify for the
program you can now apply directly through Keep Your
Home California. The program is pretty straightforward. You have to
meet the requirements for a HAMP modification, make less than 120% of
the Affordable Housing Costs (AHC) for your county – Sacramento is just under
$92,000 for a family of four, you must have a true hardship, have adequate
income to sustain the new payment, you must be delinquent or at risk of
imminent default, and the new payment cannot exceed 38% of your gross monthly
income.
Guys – this should help
a lot of families that truly need the help. Give me a call and we can discuss
your current situation and confirm if you qualify for the program. If not a West Sacramento Short Sale might Right for
you.
To get a better idea of when
your West Sacramento home will be worth what you owe, log
in to www.shortsaleandloanmod.info for a free
estimate or call me today for a free no obligation consultation or for the
latest West Sacramento short sale information. Call me
today and sleep better tonight; you’ll be glad you did.
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