Upsidedown mortgage in california, need to refi--foreclosure the only option?

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Upsidedown mortgage in california, need to refi--foreclosure the only option?

I was just reading a site last night (somewhere!) about what someone else mentioned about 'bail-out' programs. One city in Ohio has really bad situation that they are working on to resolve, and part of Michigan(?) also in bad. Several states - including CALIFORNIA are "scrambling" to resolve these bad loans. Bank of America, Citi, and Washingon Mutual (I believe it was those 3) are trying to put things into action to help out. I believe one of them (BofA?) mentioned something about options at 5.5% for these loans, and if I understood correctly, these lenders are getting pressured to extend the lower rates till they can get this all figured out.

The only thing that was stressed...Do NOT default on you payments for even a month...else they may not be able to help if you do.

As another said, I'd hang in there for awhile. Try to get more info on this in the mean time. If I can find the info (it was a VERY long read on numerous subjects) I'll try to post it for you - (IF your question is still open!) It may have been an article from MSN that was copied onto the site I was reading.

Upsidedown mortgage in california, need to refi--foreclosure the only option?

Please go to

mortgageloanquick.com

we will advise if we can.

Upsidedown mortgage in california, need to refi--foreclosure the only option?

I would go to the site below. There is an email address on the site of a guy who can help you for free. He's a real estate agent. Also when you get there click on the button that says PROPERTY RESEARCH and it will show what your place(s) are really worth in todays market.

It's a free site and it shows it to you instantly online without having to wait for an email etc..

Also there are downloadable pdf reports there that are helpful

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Upsidedown mortgage in california, need to refi--foreclosure the only option?

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