Obtained a $250,000 Principal Reduction with Chase on a 4 plex 2.5% for the entire life of loan
We recently negotiated a successfull Â Principal Reduction Alternative Loan Mod. Â On a 4plex Â rental!
Goal was to get piti payment to 31% of gross income. Â SucceddedÂ
Now homeowners are cash flow positive $1,000 per month.Â
I know word on the street is that loan modifications do not happen and definat4ely principal reductions dont happen.Â
The servicer runs a Waterfal analysisl, with the goal of Â getting your payment on the first loan, principal Â taxes insurance , hoa to get to 31% of your gross incme.Â
If your loan is upside down you may qualify for a principal forebearance or forgiveness.
If your working on a loan modification or sort sale you need to know your Net Present value Â as well as the current market value of your loan.Â
For a free evaluation please callÂ
925 699 5041