How Do You Get A Principle Reduction For Your Loan Modification?
In April, 59% of loan modifications reduced payments, 29% increased payments and 12% of modifications kept payments steady. Today only 2% of loan modifications have gotten a principle reduction. If you don’t modify your loan sufficiently, re-default is likely. You have to know how to get a principle reduction if at all possible for your circumstance. We can help at www.refsloans.com. Get your FREE Financial Check up now!
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I have talked to 4 Banks, all of which will not entertain a Principal Reduction though all the mortgages in question are severely up-side down.
HELOC settlement out of bankruptcy (another form of principal reduction) is currently the only answer and can be VERY effective if “asked” / approached properly. If you are interested in learning how EXACTLY to approach your bank and potentially dissolve up to 95% of your entire HELOC, feel free to contact me directly via youtube email to find out How.