HARP Throws Life-Line to “Upside-Down” Homeowners
02 Jul 2009
Posted by: Danilo Bogdanovic in: Uncategorized
Many homeowners who are trying to refinance, but can’t because they are “upside-down” have just been thrown a life-line. The Home Affordable Refinance Program (HARP) has just been expanded from the present loan-to-value (LTV) of 105 to 125 percent. This increase is aimed at keeping more people in their homes and out of foreclosure or [...]
As I was scanning a few listings in our MLS looking for comparables recently, I noticed some pretty disturbing things: Public comments like “have a new home for Christmas” – obviously from 2008 No pictures. Zilch. Nada. No comments. No public information. No words to entice buyer-agents to show the listing. There’s just no excuse [...]

