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Keyword: remortage

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  • (Vanity)TARP Money - Remortgage of home - Question

    10/13/2009 11:00:45 PM PDT · by zlala · 14 replies · 862+ views
    My friend has received notice he is eligible for TARP money through Wells Fargo where he has his home loan. They qualify for 30%-50% reduction. He lost his job, his wife lost her job and they both found new jobs but each at a lesser salary.Their question that I have no idea how to answer is:On their TARP notice it stated their mortgage is more than double what their mortgage actually is. Their house value at the time of the mortgage was 450,000 and the TARP shows the mortgage is $935,000. I couldn't off-hand explain except to say it may...