Single working mom, Lori, living in Arizona purchased an investment home in 2006; the value of the house dropped more than 30% by 2009. She was able to get a loan modification but by 2013 she was still under-water. Through hard work an tenacity, Lori was able to get two loan modifications including a principal reduction. She is now back above water but unable to afford the renovations needed to turn a profit on a sale. Lori wrote to Bob Massi for advise on offering the project to an investor who could finance the renovations. Bob breaks down her options. Millennials are the first generation to enter the work force after the financial crisis of 2009. Bob Massi hits the campus of Arizona State University to see if property issues are even on the radar of todays college students. Bob Lomax of Mirabel Properties takes Bob Massi on a tour of a modern golf course home designed by architect Bing Hu. Hu studied architecture at the The Frank Lloyd Wright School of Architecture at Taliesin West in Scottsdale, AZ. This stunning home is located in the Mirabel Community in north Scottsdale. The “Massi Memo” covers under-water home owners whose loans are not serviced by Fannie or Freddie and, as a result, do not qualify for H.A.R.P. refinancing. Bob breaks down the requirements for qualifying for H.A.R.P. and H.A.R.P. 2.