Mortgage Principal Reduction Program
No, it's not the Harp or Hasp program. In order to qualify for t
No, it's not the Harp or Hasp program. In order to qualify for those your current loan has to owned by Fannie Mae or Freddie Mac and you have to have good credit and no late payments. This program has no credit requirements but your loan balance has to be at least 20% more than the current value of your home.
hmmmm
Steve...........
A mortgage company will not negotiate the sale of a loan the way in which you are insinuating. Who have you bought mortgages from??
Submitted by Mary Adkins Matthews on Fri, 12/11/2009 - 18:13
Apparently principal reductions happen quite quickly, take a gan
Neither Fannie Mae or Freddie Mac allow note sales; This sounds
Neither Fannie Mae or Freddie Mac allow note sales; This sounds like a scam! They do however offer short sales, so are you buying the house from the mortgager and allowing them to take a hit on their good credit for a short sale and then selling it back to them?