Real estate blog entries tagged with goverment help by Gloria Benaroch, CRS,SRES, e-Pro (Coldwell Banker)

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Home : Blogs : Gloria Benaroch, CRS,SRES, e-Pro : Gloria Benaroch, CRS,SRES, e-Pro's Blog : Tag "goverment help"

goverment help: Urgent Housing NEws you should know about - 11/12/08 05:57 PM

1. Freddy Mac & Fanny Mae - News for Nov 11, 2008: New rules for troubled homeowners take effective on Dec 15, 2008To qualify, borrowers would have to be at least three months behind on their home loans, and would need to owe 90 percent or more than the home is currently worth. Investors who do not occupy their homes would be excluded, as would borrowers who have filed for bankruptcy.Borrowers would get help in several ways: The interest rate would be reduced so that borrowers would not pay more than 38 percent of their income on housing expenses. Another option … (1 comments)

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Gloria Benaroch, CRS,SRES, e-Pro

Rumson, NJ

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