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Mortgage Renegotiation – How will Homeowners Benefit in San Diego County?

Can we save our house

The Feds have adopted a program to help stop foreclosures. If your mortgage is owned by the Fed there might be a chance it can be renegotiated.

The suggestions under the program would mean the Fed could reduce what a homeowner owes on a mortage, lower the interest rate,  lengthen the term of the loan or take other steps to prevent the homeowner from defaulting, if doing so would benefit the taxpayers as a better long term payoff than foreclosure.

Click here  for more info on this great article by Neil Irwin and Renae Merle – Washington Post Staff Writers.

If you are thinking of trying to do a loan modification please contact us for more information -  we would love to help you save your home.

We answer our phones and we are here to help! Pam and Joanna  760-580-1615 or 760-580-1630