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Entries Tagged as 'distressed home owners'

Few points about Hope for Homeowners Act of 2008

July 30th, 2008 · No Comments · Las Vegas Real Estate

    This legislation will allow distressed home owners who qualify, to cancel their old mortgage loans and replace them with 30-year fixed-rate loans for up to 90 percent of the home’s current value. The lender has to give the owner 10% equity in the home/condo. The catch is that the home owner’s current mortgage holder [...]

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