Mike Rigley Certified Default Advocate,
Distressed Property Expert and your short sale specialist here thank you for
joining us.
HARP Extended by Two Years – Possible HARP 3.0. So the Federal
Housing Finance Agency (FHFA) recently announced the extension
of HARP for another two years. Set to expire
December 31st of this year, the program has been extended until December 31st
of 2015. That’s good news for those of you who have Fannie Mae or Freddie
Mac loans, owe more than your home is worth and wants to
refinance to a lower interest rate.
So what about those who
owe more than the home is worth, want to stay in their homes, but can’t
refinance to a lower interest rate because their loan isn’t owned by Fannie or Freddie?
What now? Well are indications are that there will be an announcement this July
on HARP 3.0 is expected to have provisions to
allow the upside down homeowner the opportunity to refinance into a lower
interest rate. You’ll still more than the property is worth but at least you
payment will be better.
And what if you owe more
than the property is worth and you don’t want to stay? West Sacramento Short Sale is generally the
preferred method of liquidating the property vs. foreclosure ordeed in lieu
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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