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Updated almost 8 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • from North Hollywood, California
  • Member since Nov 14, 2016
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • from North Hollywood, California
  • Member since Nov 14, 2016
Connect
Account Closed
  • North Hollywood, CA
4
Votes |
66
Posts
Buying & Selling Real Estate

mortgage after crash?

Account Closed
  • North Hollywood, CA
Posted

Hi, 

I spoken to someone today in Los Angeles and they said they brought their property before the crash at about $230k, after the crash the value went down to $80k, they said there was a program that came in during that crash period and now then their new mortgage was reduced to $80k, which was the valve after the crash.  Question: was there a program like this during that time?

Thanks  

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