Principal Payment Reduction on Your Home in California
What happened? In 2005 the refinance boom swept the nation.
Artificially inflating home prices..
..
and allowing those to get home loans that otherwise should not gotten them.
This inspired by Wall street greed and politically based in adequate checks and balance system.
How does this affect you? Well...
you know how it affects you.
A matter of fact the whole world knows about how it affects you.
But what can you do about it? You can use the very same system the mechanics of business...
that got you into this system...
to get you out! I'm talking about Principal Payment Reduction.
This is nothing to do with a Short Sale, this is not loan modification, this is not bank refinance.
This is true principal Payment Reduction.
How much will this cost you? Nothing! There is No Fisco score involved.
If your home is upside down, they restructure your note internally at the banks.
How does this work? Very simple...
you tell the banks.
You don't ask them...
You tell them.
You are going to give them X amount for your house.
And they are to take it or leave it.
It's that simple.
What is a Principal Payment Reduction? A Principal Payment Reduction is getting the bank to accept the current market value on your home.
This is not a short sale, This is not a Loan Modification, This is not a bank refinance.
This is a true Principal Payment Reduction.
If you have a house that is worth $400,000 but the economy has brought the house down to a fair market value of $200,000.
You are now upside down by $200,000 Which means to you...
you owe $200,000 more than its' worth.
So a Principal Payment Reduction is getting all people coming together and you saying to the bank, listen..
..
I know and you know I can't keep continue to do this.
What I can do...
is give you what today's fair market value is.
Very simple...
you tell the banks.
You don't ask bank...
You tell them.
You are going to give them X amount for your house.
And they are to take it or leave it.
It's that simple.
To qualify for this Principal Payment Reduction, you must owe more than your home is worth today.
The home must be upside down and you have to live in the sate of California to be able to do this.
What happens if you live in another state and you happen to have a home in California? You will be able to qualify.
But if you live in another state and you do not have a home in California this will not work for you.
What happens after you get the Principal Payment Reduction on your home in California? Well...
you could sell it and now make money where before you might have had to do a short sale or a foreclosure.
You could do a 1031 exchange.
You could also maybe get a line of credit.
The bottom line is this.
You now have equity in your home.
You will need to talk to your county recorder on your taxes on your home to change the lower amount on your home principal and you will need to talk to your account.
Artificially inflating home prices..
..
and allowing those to get home loans that otherwise should not gotten them.
This inspired by Wall street greed and politically based in adequate checks and balance system.
How does this affect you? Well...
you know how it affects you.
A matter of fact the whole world knows about how it affects you.
But what can you do about it? You can use the very same system the mechanics of business...
that got you into this system...
to get you out! I'm talking about Principal Payment Reduction.
This is nothing to do with a Short Sale, this is not loan modification, this is not bank refinance.
This is true principal Payment Reduction.
How much will this cost you? Nothing! There is No Fisco score involved.
If your home is upside down, they restructure your note internally at the banks.
How does this work? Very simple...
you tell the banks.
You don't ask them...
You tell them.
You are going to give them X amount for your house.
And they are to take it or leave it.
It's that simple.
What is a Principal Payment Reduction? A Principal Payment Reduction is getting the bank to accept the current market value on your home.
This is not a short sale, This is not a Loan Modification, This is not a bank refinance.
This is a true Principal Payment Reduction.
If you have a house that is worth $400,000 but the economy has brought the house down to a fair market value of $200,000.
You are now upside down by $200,000 Which means to you...
you owe $200,000 more than its' worth.
So a Principal Payment Reduction is getting all people coming together and you saying to the bank, listen..
..
I know and you know I can't keep continue to do this.
What I can do...
is give you what today's fair market value is.
Very simple...
you tell the banks.
You don't ask bank...
You tell them.
You are going to give them X amount for your house.
And they are to take it or leave it.
It's that simple.
To qualify for this Principal Payment Reduction, you must owe more than your home is worth today.
The home must be upside down and you have to live in the sate of California to be able to do this.
What happens if you live in another state and you happen to have a home in California? You will be able to qualify.
But if you live in another state and you do not have a home in California this will not work for you.
What happens after you get the Principal Payment Reduction on your home in California? Well...
you could sell it and now make money where before you might have had to do a short sale or a foreclosure.
You could do a 1031 exchange.
You could also maybe get a line of credit.
The bottom line is this.
You now have equity in your home.
You will need to talk to your county recorder on your taxes on your home to change the lower amount on your home principal and you will need to talk to your account.
