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Great News - Do You Qualify for a Principal Reduction?

Eric Humes

Eric Humes is the Broker /Owner for Rooftop Realty...

Eric Humes is the Broker /Owner for Rooftop Realty...

Nov 1 1 minutes read

Government is in a giving mood! Find out if you can reduce your mortgage. Over 408,000 people nationwide are 90 days or more delinquent.  Stop foreclosure and start living again.

Here are the conditions:

- GSE Loan: Fannie Mae, Freddie Mac, Ginnie Mae owned loan

- Serious Deliquency (90 days or more)

- Underwater 9% or more, technically you need to have a loan 15% or more underwater

- Owner Occupied

- Loan amount less than $250,000

Why would the government do this? They estimate only 33,000 people actually qualify under the above criteria.

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