Principal Reduction - The Holy Grail of Loan Modification
Are lenders REALLY writing down loans for property owners - or is it just an urban legend? The topic has made headlines lately, but what’s happening in the real world? In today’s episode, The Real Estate Guys bring back mortgage mitigation expert David Lies to discuss the state of the art in real world principal reduction for homeowners and investors alike. David talks about the underwhelming success of the government’s Home Affordable Modification Program and reveals a brand new market driven solution for underwater property owners. He says you can solve your cash flow problem and achieve instant equity too! Is this too good to be true or have we found the Holy Grail of Loan Modification? Tune in and find out!