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

Mike Rigley Certified Default Advocate, Distressed Property Expert and your short sale specialist here thank you for joining us. Today let’s talk about US Bank Principle Reductions up to $100,000 through the Keep Your Home California Principle Reduction Program or PRP.

US Bank is a recent addition to the Keep Your Home California Principle Reduction Program or PRP.

To qualify for the program you must meet certain minimum requirements including:

• Gross Monthly income less than 120% of the Affordable Housing Costs (AHC) for your county – Sacramento is just under $92,000 for a family of four.
• The property must be owner occupied.
• You must have adequate income to sustain the modified payment.
• You must be delinquent or at risk of imminent default.
• Must have a verifiable financial hardship and
• The new payment cannot exceed 38% of your gross monthly income. 

There are a couple of other qualifications such as the original loan had to be originated before January 1, 2010 and that loan had to be less than $729,750 but those are usually not an issue. To be sure, give me a call and we can discuss your current situation. Chances are a West Sacramento Short Sale might make better sense if you do not qualify.

US Bank now also participates in Keep Your Home California’s other three programs including Unemployment Mortgage Assistance, Mortgage Reinstatement Program and the Transition Assistance Program. We can help you with all four of the programs or contact KYHC direct – whatever works best 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.