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Is there a new refinance program that forgives negative equity and refinances the house at current value?

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Refinance

I heard about some new government loan where if your home has dropped in value, the government will absorb the depreciation and refinance your house at its current market value. I just bought my first house in August of 2008 for 5,000 which was a foreclosure and the other foreclosed homes surrounding me are now being offered in the 0,000 range. So in 4 months I’ve already lost around ,000 in value.

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    buddy….there are many refinance program online sources where you can get full of information and also get the refinance loan at lower mortgage interest rates and reduce your negative equity…i have the source where the option of existing loan modification and low interest rates : http://www.refinancing101.net

    Mst A - Aug 26, 2012 | Reply


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