Do You Owe More on Your Mortgage than Your Home Is Worth?

If you are underwater with your mortgage, FHA announced a New Program designed to encourage principal write-downs for responsible borrowers.

The program starts September 7, 2010.

If Lenders cooperate with this program, that could help a huge number of people contemplating a Short Sale. 

Before you start defaulting, read this and always get advice from your Accountant for any possible Tax implications.

HUDNo.10-173/U.S. Department of Housing and Urban Development (HUD)


Brought to you by
Abraham Baghbodorian, Realtor, Palm Springs & Desert Cities

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