San Jose, CA (PRWEB) July 14, 2010
Short Pay Access, provider of short pay refinance and short sale solutions for homeowners and real estate professionals nation-wide, is hosting a Short Pay Refinance Workshop on Saturday July 24th from 9 am to 1 pm at the Radisson Hotel San Jose Airport in San Jose, California.
The workshop will also prove exceptionally useful for Real Estate Agents who will learn how they and their clients can benefit from this new program. A short pay refinance is a transaction where the lender agrees to accept less than the full amount owed. Instead of the property being sold, it is refinanced with a new lender.
About one in four homeowners in America are currently underwater on their mortgages and foreclosures are at an all time high. Homeowners with 'underwater mortgages' are literally drowning because they are continuing high mortgage payments month after month. They are faced with the loss of their home's value and are finding that they now owe the bank more than their home is actually worth.
Short Pay Refinance offers a solution for both banks as well as for homeowners. The Homeowners get to keep their home with a lower principal balance and lower monthly mortgage payments more in line with the current value of their home and the banks get a chance to clean-up their balance sheet by getting a property completely off their books.
Short Pay Access does not charge any upfront fees for providing short pay processing services. For more information about the Short Pay Refinance Program, visit http://www.ShortPayAccess.com or contact Sudha Bharat: 925-309-6109
Register for the July 24th short pay refinance workshop at http://www.ShortPayRefiWorkshop.com.
Contact Person: Sudha Bharat Telephone: 925-309-6109 Email: sudha(at)shortpayaccess(dot)com Website: http://www.ShortPayAccess.com.