Monday, September 17, 2012

West Sacramento Short Sale Information – Fannie & Freddie to Allow Principle Reductions

Today let’s talk about Fannie Mae and Freddie Mac now allowing principle reductions under the Keep Your Home California Program.


Guys this is huge news. As reported By Alejandro Lazo in the Los Angeles Times this week Fannie Mae and Freddie Mac announced that they would allow their borrowers to participate in the Keep Your Home California Principle Reduction Program. This is HUGE!

Under the Keep Your Home California PRP the borrower must make 120% or less of the Area Median Income, have a true hardship and occupy the property. For Sacramento County residents this means to qualify you would need to have a gross household income of less than $92,000 a year.

The Keep Your Home California program is partially funded by the Hardest Hit Fund initiative which uses state and federal funds from the 2008 Wall Street bailout to help low to moderate income borrowers at risk of foreclosure.

If you think you are remotely close to qualifying you need to call me today to find out all your options. If you don’t qualify I may be able to help you find others. Call me let’s find out if I can help you avoid foreclosure.

Is a West Sacramento Short Sale Right for Me?

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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