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Mortgage giants to reduce loan balances for struggling homeowners

Home Buyer

Mortgage giants to reduce loan balances for struggling homeowners

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home-buyer

Mortgage giants to reduce loan balances in South Florida!

Great news according to FloridaRealtors.com! According to an article published March 24, 2016.

“About 50,000 struggling homeowners could be eligible to have their mortgage balances reduced under a new plan to be unveiled by Fannie Mae and Freddie Mac, The Wall Street Journal reports. The plan was approved by the Federal Housing Finance Agency (FHA) and is expected to be formally announced “within the next few weeks.”

Additionally, the article mentions, “The plan is expected to target homeowners who are delinquent on their mortgage payments and who owe more on their home than it is currently worth. Fannie and Freddie also will reportedly forgive the principal only in circumstances where they determine that they would lose less money by doing so than taking other foreclosure-prevention methods.”

All great news to the South Florida homeowner! Need some advise about this news? Make sure to contact your Water Pointe Realty Group professional today!

We here at Water Pointe Realty Group just love to share interesting information, and to assist prospective new residents in discovering that being a Floridian is a unique lifestyle. We do our best to communicate with our past, present, and future clients from Stuart, Hobe Sound, Tequesta, and our Jupiter waterfront homeowners. Please make sure to visit our Home Sellers Marketing Plan page for some valuable information about the first steps to becoming a satisfied client with Water Pointe Realty Group.

Whether you own, or are interested in purchasing Jupiter Florida Real Estate, Stuart Florida Real Estate, or any South Florida Real Estate, Water Pointe Realty Group is here to assist. Our knowledgeable, professional, and personable staff is readily available via traditional communication methods as well as all social media networks.

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Our team of highly dedicated, real estate brokers, agents, and Realtors® are extensively skilled and always strive to offer you a real estate experience that will not only meet, but exceed your highest expectations. The Water Pointe Realty Group team knows the Palm Beaches and Treasure Coast like no one else; and can provide you with the resources to help you make informed and educated decisions. With a team approach, this group of real estate experts are sure to provide you with outstanding service. Your access to homes for sale in Jupiter, homes for sale in Stuart, and waterfront homes is really only a click away! Water Pointe Realty Group, representing the finest properties….from inlet to inlet.

Soon, you too, could say, #thisisthelife

Article by: Jeannie M. Ferrara

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