Believe it or not this next Weekend the HARP 2.0 expanded approvals are supposed to take place effect.
When this happens it is going to allow home owners who are drastically upside down the ability to refinance.
I you truly only wish to sell then please ignore this but if you would like to make your payments more affordable then please continue to read on.
For the last year we have been helping a few people who were Slightly upside down on their homes. Former max CAP was 105%
Example: they owe 105 but sales are 100 we were able to help last year.
At the start of the year this increased to 125% CAP upside down. Finally on March 17th the computer Underwriting System that almost ever bank adheres to is "Supposed to" Remove any CAP. This seems that it could be the relief you where looking for.
I currently have customers Refinancing FHA loans as a "Streamline" FHA requires NO APPRAISAL or INCOME review if your last loan was FHA and you are to a new FHA (they use the previous set years ago Value as the appraised value now and leave it at that)
Here are 2 links below that you can find out for yourself if your home is Serviced by one of the 2 participating groups that back up Conventional loans. fill out the questionnaire carefully as abbreviations, familiarity ect.. can reject your submission as a "No Match" use legal names to fill it out.
If your a "Match" or are already and FHA borrower, contact me and I will assist you in finding Rates and Closing Costs to your satisfaction. Call for rates
I hope that this has been helpful.
Senior Mortgage Consultant
Cornerstone Mortgage Group
6151 Powers Ferry Road NW
Suite 610 Atlanta GA 30339