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OVERVIEW OF MY RECENT HOME SALES & LISTINGSTHOUSAND OAKS LOAN MODS, SHORT SALES & FORECLOSURE INFORMATIONConsumer Info. for Loan Modifications, Short Sales & Foreclosure
Helpful websites to provide information on home loan modification, short sales, and foreclosure options. To Visit A Website: Double click on the desired website address below. If you’re having a problem going to a site, cut & paste the link directly onto your internet website address.
Ø Links to housing news; information about home owning, buying, renting and financing; community data; pages about how to work with HUD.
Website Address -http://portal.hud.gov/portal/page/portal/HUD
Ø The Obama Administration’s Making Home Affordable Program includes opportunities to modify or refinance your mortgage to make your monthly payments more affordable. It also includes the Home Affordable Foreclosure Alternatives Program for homeowners who are interested in a short sale or deed-in-lieu of foreclosure.
Website Address –ss –
Telephone Number:
(888)995-HOPE (4673) Ø Homeowner’s Hope FREE counseling Hotline. A non-profit organization assisting the federal government with making home affordable program.
Ø For Loan Modifications.
Ø On March 4, 2009, the U.S. Department of the Treasury (Treasury) announced details of the Home Affordable Modification program (HAMP) as part of the Making Home Affordable Program. HAMP is a loan modification program designed to reduce delinquent and at-risk borrowers' monthly mortgage payments. Freddie Mac is pleased to play a leadership role by implementing this program.
Website Address – http://www.freddiemac.com/singlefamily/service/mha_modification.html
4. Homes Affordable Refinance Program (HARP):
Ø The Home Affordable Refinance Program (HARP) is designed to assist homeowners in refinancing their mortgages – even if they owe more than the home’s current value. Home affordable refinance FAQs.
Website Address
Ø Many homeowners may feel that they can no longer afford their home, but want to avoid the negative effects of foreclosure. The Home Affordable Foreclosure Alternatives (HAFA) Program offers homeowners, their mortgage servicers, and investors an incentive for completing a short sale or deed-in-lieu of foreclosure. With these options, under HAFA, a homeowner leaves their home to transition to more affordable housing and alleviate the mortgage debt they owe.
Website Address –
Ø Foreclosure Alternatives and Home Price Decline Protection Incentives. Foreclosure Alternatives will help to prevent costly foreclosures by providing incentives for servicers and borrowers to pursue short sales and deeds-in-lieu of foreclosure in cases where a borrower is eligible for a MHA modification but unable to complete the modification process.
Website Address –
http://www.ustreas.gov/press/releases/docs/05142009FactSheet-MakingHomesAffordable.pdf
Information deemed reliable but not guaranteed. Consult your legal or tax accountant with questions pertaining to your specific situation. |
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