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    related to: mortgage principal reduction
  1. ...bankruptcy. If your second mortgage is upside down, the bankruptcy judge can reduce the principal of your loan to market value on... lender specifically about a principal reduction in your loan modification package...

    4 Answers · Business & Finance · 23/04/2011

  2. No. The assumption is that if your mortgage payment is less than 31% of your income, you should have no problems...

    1 Answers · Business & Finance · 24/07/2013

  3. take 9 months to hammer out who will be eligible for refinancing/ principal reductions under the agreement. I would expect, however, that the home will have to remain ...

    2 Answers · Business & Finance · 10/02/2012

  4. BOA will NOT lower the principal amount. If you can prove a severe financial hardship, they MAY lower the interest rate or lower the monthly payment for a couple of months.

    4 Answers · Business & Finance · 29/01/2011

  5. ... Principal Reduction . If you do this at least...the numbers, the initial principal amount is very small and...early years of my mortgage ! Congrats on your...

    2 Answers · Business & Finance · 22/12/2009

  6. If banks were to do such a thing, the homeowner could be in for a tax hit. The amount written off could be reported as income and you would owe income taxes on it.

    6 Answers · Business & Finance · 05/05/2011

  7. No, they modify your interest rate, they do not gift you any of the principal .

    3 Answers · Business & Finance · 20/01/2011

  8. ...uphill action. Most banks offer a reduced payment, perhaps a reduction in interest or no interest, for a fixed period of time (for you to recover).. then...

    6 Answers · Business & Finance · 13/06/2011

  9. ... loss from TARP...taxpayer money! Real nice. The current mortgage is paid off through principal reduction negotiations with your current lender, and a new mortgage is...

    1 Answers · Education & Reference · 17/09/2010

  10. Check with your lender. Some banks do offer it, and will notify you in the mail, if you have an adjustable mortgage . It never hurts to ask.

    2 Answers · Business & Finance · 27/03/2011

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