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- Why would a bank reduce the principal loan amount to market value?
It is a costly endeavor for a bank to foreclose on a property. Foreclosures are at an all time high right now and in some cases it makes more sense to do a principal reduction for the borrower than foreclose.
READ NEWS.
- How much am I compensated for sending you
referrals?
For every referral you send who becomes our client we pay
you a referral fee of $150.00
- Do you get compensated by the Lender for this Service or Processing of the Short Refinance?
No. The Lender does not compensate us at this time for the short refinances. Our compensation comes from the borrower.
- What happens if the Lender does not approve the Short Refinance?
If you client utilizes our services and the lender does not approve a principal reduction, then
they will have the option if they chose to enroll with
WeSaveYouKeep,
our sister company that provides Home Retention Services. The fee
for their services is waived.
- What is a “Short Payoff”?
A Short Payoff is another name that is commonly used for a Principal Reduction or a Short Refinance.
- How do I know this is not a scam?
Please refer to our news section of the site to
watch the video and read the news articles relating and referring to principal reduction from Federal Reserve Chairman, Ben Bernanke
and FDIC Chairman, Sheila Bair. Read the
ABOUT US for more information.
Watch The Video Here |
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