I see this new program is getting launched and will be available in sep.
Would it be helpful for people who are underwater and unable to do loan modification or refinance.
The only issue which I guess is major one "lender should be able to forgive 10% of principal"
I am not sure whether wellsfargo will do this.
Is this option is going to be another useless or we can get benefit out of it.
I am currently in CA and property is 25% down and I owe almost 108% of todays market price.