DIFFERENCE of OPTIONS to FORGIVE PRINCIPAL ON LOANS …
MOST SHOULD BE HANDLED ON AN INDIVIDUAL BASIS. Some lenders want to tack on late payments, charges & attorney fees which ups the monthly payment. Some want to work with the
HOPE FOR HOMEOWNERS program, which trirs to work with owners in refinancing at a new, low interest rate. Remember some owners have more in their home than they can receive on the market at the present time & these are the ones more likely to default. Working with these owners can be beneficial. Everyone knows the mortgage crisis MUST BE WORKED AT, which takes diligent
lenders & owners.
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