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Underwater on Your Mortgage? You May Have Another Chance to Refinance for a Lower Payment

Tweet On October 24, 2011, President Obama announced changes to HARP (Homeowner Affordable Refinance Program) to allow more underwater homeowners to qualify for the benefit. This new program was dubbed HARP 2.0. Each mortgage lender was allowed to set its own schedule for implementing the enhancements. For example, lenders needed to re-program their automated underwriting [...]

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Walking Away from a Mortgage – Is It a Viable Option?

Tweet During the peak of the real estate buying frenzy (2005–2007) many Americans decided to invest in real estate other than their homes in the hopes of capital gains. Unfortunately, when the bubble burst, the ensuing credit crisis left these investors with a moral dilemma. Many of these investors are just ordinary folks who pay [...]

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