The state-managed mortgage assistance program will begin ‘recasting’ mortgages within the next several weeks after U.S. Treasury officials approved the plan in mid-July. A little-know, seldom used tool in the mortgage world, recast mortgages could be just the right answer to attracting more big-name servicers to the Principal Reduction Program – and helping more homeowners. Get more information about the Principal Reduction Program at http://www.keepyourhomecalifornia.org/prp.htm
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