FORECLOSURES !

Can I get the bank to refinance my mortage and lower principal if I’m not in danger of foreclosure?

I am not having trouble but if the value of my home has lowered can I lower the original amount since my house isn’t worth as much now as when I purchased it?

Good luck it will be hard. Mortgage modificaition is what you need where they lower the interest rate. But it is so tough to get any help or refinancing when you have good credit and no late payments nowadays. I was told that if you are not late, they won’t work with you because you are not a risk. they need to make as much money from you as possible so compensate for all the loses due to foreclosures. Aint that some b*tch? I was also told that if a house is worth less, they won’t do it because they always look at the current market value of your house. Even with a mortgage modification. Try though, but don’t go to too many places. They will look up your credit for each and that will bring your score down.

Bank Of America Promises Principal Reductions?

SECOND LIENS AND OTHER BARRIERS TO PRINCIPAL REDUCTION AS AN EFFECTIVE FORECLOSURE MITIGATION PROGRAM $10.72 The BiblioGov Project is an effort to expand awareness of the public documents and records of the U.S. Government via print publications. In broadening the public understanding of government and its work, an enlightened democracy can grow and prosper. Ranging from historic Congressional Bills to the most recent Budget of the United States Government, the BiblioGov Project spans a wealth of gover…

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