Are you underwater in your home?

Discussion in 'Chit Chat' started by Mvic, Feb 14, 2009.

  1. Mvic


    Saw this posted on the home messege board"This might help.

    Heres something for you, theres a program call short refi thats exactly for the people that are making there payment. Heres how it works:

    1. you apply to a mortgage company that will pre-approve you for the short refi.
    2. you get a current appraisal of your property.
    3. you have to write a hardship letter to your current lender, explaining the reason were you are not going to be able to pay your loan of (ex.) 200k for a house thats worth 140k.

    then your Mortgage broker starts negotiating with your current lender(not all lenders are aboard, i have a list of the ones that are you can email me at JJY1961@YAHOO.COM for a current list).

    Lenders that are willing to get money now instead of 6-12 months later thru a short sale will say ok.
  2. I bought my home in 1999 and took a 15 year loan, made extra payments. I have no mortgage currently.
  3. Frankly, anyone who does this should be arrested for contract fraud.

    Who else is sick of these deadbeat homowner bastards?

    Gee, I guess if EVERYONE robs a bank at the same time its ok.

  4. [​IMG]
  5. Lucrum


    We live on a large hill, but thanks for asking.