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Hey Terrance, I think the way it's done, is the borrower have to be up to date with their Mtg. with atleast 650 or higher fico score and occupy the property (primary) the real question I guess which banks does these programs. And what are the name of those Banks?
I don't think all the banks does this program. I know it's approved by Fannie & Freddie. I think it's a great program if home owners are having hardship and want to keep their home. It will create a new avenue in the real estate industry.