Making Home Affordable Program
Do Not Lose Your Home To Foreclosure
If you are a homeowner in financial trouble and facing the prospect of losing your home, there are several options available for you.
If you need urgent help,
immediately contact the Homeowner’s
HOPE™ Hotline: (888)
HOPE™ is a counseling service provided by the Homeownership
Preservation Foundation that can work with you to help prevent a
foreclosure. It is an independent nonprofit organization that provides
HUD-approved counselors dedicated to helping homeowners. The help they
offer is free.
the global economy in recession, there are many homeowners that are in
financial trouble. But there is hope. Through the United States
Home Affordable Program
funds are available for up to 9 million homeowners to refinance or modify
their loans to a payment that may be more affordable. There are two
elements to this government program -
There are two elements to this government program -Home Affordable Refinance Program and Home Affordable Modifications Program.
Through the Home Affordable Refinance Program, Fannie Mae and Freddie Mac will allow the refinancing of mortgage loans that they own or that they placed in mortgage backed securities.
Home Affordable Modifications program offers help to borrowers who are struggling to keep their loans current or who are already behind on their mortgage payments even if the loan is not owned or securitized by Fannie Mae or Freddie Mac.
Please click on the links below to browse information regarding these programs.
Foreclosure rescue scams – beware, beware
BEWARE OF FORECLOSURE RESCUE SCAMS – HELP IS FREE!
the following helpful tips in mind:
should never be a fee for assistance with or information about any aspects
of the Making Home Affordable Program. It is a US government program and
the government is not charging any fees for this program.
of any person or organization that asks you to pay an upfront fee in
exchange for a counseling service or modification of a delinquent loan. Do
not pay – walk away!
of anyone who says they can “save” your home if you sign or transfer
over the deed to your house. Do not sign over the deed to your property to
any organization or individual unless you are working directly with your
mortgage company to forgive your debt.
make your mortgage payments to anyone other than your mortgage company
without their approval.
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