California is working on a new program to help "underwater" borrowers. Using federal funds, CalHFA is looking to spend $420M to help trim mortgages by up to $50,000. The program is scheduled to start November 1. This will be help for purchase loans, so those who did cash-out re-fi's won't qualify. This plan has a number of other benefits, for more details CalHFA program.
For more information on real estate in the Lake Tahoe/Truckee markets, please contact me: Tamara Perlman, Coldwell Banker Donner Pass, 12068 Donner Pass Road, Truckee, CA 96161. 530-550-1299 or email@example.com www.TamaraPerlman.com I look forward to discussing your real estate needs.