11 years mortgage experience and having been a banker (lender) and broker... a knowledgeable broker get you better rates, lower fees and has more programs.

She was told to allow the house to go delinquent so she would qualify for a government program mortgage reduction.

To our knowledge the program is not mandatory.

Dodd-Frank does not require any particular underwriting method to be used, that means one does not need to select a particular program method as used in VA, FHA, Fannie Mae, Freddie Mac, USDA, or other secondary market programs.

And no, I don't have any other affiliation with him or his company.

Jasmine Claye depending on the loan program, the lender will likely only require an appraisal.

If nothing else, it can give you an idea of what's in the area.I have no affiliation with the website...just thought I'd share one of the tools I use.Happy hunting!

Piggy Back loans are used to avoid a loan program that would require one loan for all proceeds which may mean having to pay for PMI or MI.  

These programs are put on by the government such that lower income individuals who otherwise would not be able to buy a house, now can.

Often, I wish I could convert the entire PM into a thread for the benefit of all (perhaps a future programming function for @Joshua Dorkin )With that said, I really encourage all members, both new to BP, new to investing, I seasoned vets to ask their questions in the forums so not only one person can answer, but many providing better feedback with many points of views on questions where they consist of opinions and experience rather than simple facts.Clearly there are cases where the question is much more of a personal and private issue and not as appropriate fir public forum view, therefore, these types of questions should remain in a private PM ore email.I still encourage those to PM me, but I do suggest to all that they use the forums as often as possible as you will certainly get much more out if it!