News Sources wrote an interesting post today on
Here’s a quick excerpt
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 short-sale situations. Previously, homeowners with an LTV greater than 105 percent could not refinance under HARP. This often lead to financial hardship and eve

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