Posted on May 24, 2012 by qualifywithtracieschmidt | Edit
HARP 2.0 is a mortgage program designed to help these Homeowners Underwater, BUT most lenders cannot lend to unlimited LTV/CLTV
IF YOU ARE A HOMEOWNER THAT IS UNDERWATER OR KNOW SOME ONE THAT IS HAVE THEM CALL TRACIE SCHMIDT AT 800-419-5250
I have the ability to lend to QUALIFIED BORROWERS THAT NEED UNLIMITED LTV/CLTV ON HARP 2.0
By: Esther Cho
About 15.7 million U.S. homeowners were underwater in the first quarter of 2012, according to Zillow’s Negative Equity Report released Thursday. This translates to about one-third, or 31.4 percent, of homeowners with a mortgage, an increase from 31.1 percent in the previous quarter and a decrease from 32.4 percent a year ago.
The metro areas with the the highest percentage of homeowners with underwater mortgages were Las Vegas (79 percent), Phoenix (55.5 percent), Atlanta (55.2 percent), Orlando (53.9 percent), and Riverside, California (53.4 percent).
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