In addition, with the news today that the Federal Government will be buying back mortgages from Fannie Mae, Freddie Mac and Ginny Mae, rates are dropping like a rock today and may continue for the near future
Best regards, John
Was that loan part of purchasing your house or did you take out from equity for something else? It all depends on the loan whether you used for purchase or not. If it's not foreclosed then short sale will be best so that we can settle all the numbers before close of escrow. I'm trained in negotiate with the lenders and doing short sale, so if I can help you with anything or have any questions, please let me know. You can call my cell 510-366-9405 or email me at firstname.lastname@example.org.
Certified Short Sale Expert
I'm so sorry to hear about your home. John Dutra with Metrocities Mortgage can most likely answer your question, or direct you to an answer. He can be contacted at email@example.com.
In addition, have you considered a short sale for your home? If you have any questions in that regard, please comtact me at firstname.lastname@example.org.