West Sacramento Short Sale Information - Bank of America Principle Reductions up to $100,000

West Sacramento Short Sale Agent, Default Advocate, Distressed Property Expert and West Sacramento Short Sale Specialist Mike Rigley here bringing you the latest West Sacramento Short Sale Information. Thank you for joining us. Today let’s talk about Bank of America Principle Reductions. Yes you heard me right – Bank of America Principle Reductions up to $100,000.

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.