Hope for Lxuury Homeowners Who are Upside Down on their Jumbo loans

This article appeared on Bernice Ross' "Luxury Clues" Blog..to view the entire article please see: http://technorati.com/tag/luxury-real-estate-blog

May 26, 2009

Hope for Luxury Homeowners Who are Upside Down on Their Jumbo Loans

I was speaking with my good friend Donna Lee Laue of UniqueGlobalEstates.com (UGE) and she told me about an amazing new short sale program for luxury estates. This is a privately run short sale program that helps people who have loans of $750,000 or more and upside down in their property. Their goal is to help people get out with the smallest amount of damage possible to their credit and with as much dignity as possible. Although only UGE Luxury Ambassadors may list these properties, agents who have listing or buyer leads that fit the investment group's profile may also participate and receive a referral fee.