Here are a few of the programs available to home owners who are at risk of foreclosure. Contact your lender to see if you are eligible:
The Making Home Affordable Â© (MHA) Program is a critical part of the Obama Administration's broad strategy to help homeowners avoid foreclosure.
Home Affordable Modification Program (HAMP): HAMP lowers your monthly mortgage payment to 31 percent of your verified monthly gross (pre-tax) income.
Principal Reduction Alternative (PRA): PRA was designed to help homeowners whose homes are worth significantly less than they owe by encouraging servicers and investors to reduce the amount you owe on your home.
Home Affordable Refinance Program (HARP): If you are current on your mortgage and have been unable to obtain a traditional refinance because the value of your home has declined, you may be eligible to refinance through HARP.
There are also programs for underwater mortgages, unemployed home owners and for those looking to transition to more affordable housing. Here is a link to learn more: http://portal.hud.gov/hudportal/HUD?src=/topics/avoiding_for
Simon Campbell - http://www.bankforeclosuressale.com
If you are wanting to protect your credit score and give yourself the chance to possibly purchase a home in the future please contact me to discuss your situation.
Randy Elgin - Broker Associate
Keller Williams Realty
If you are a homeowner having trouble keeping up with your payments and you want to learn more about your options and foreclosure alternatives, you can learn more and dowload a free guide at my website http://www.AvoidForeclosureSA.info.
I am a Certified Distressed Property Expert and Short Sale and Foreclosure Resource and would be glad to talk to you to discuss your options. I am also able to help and advise homeowners looking to purchase distressed properties such as short sales and foreclosures in the San Antonio area.
Trudy Edwards, SFR, CDPE
Keller Williams Realty Heritage
Should you allow your home to be foreclosed on? Also, no.
Call me to discuss your options ASAP. The longer you wait, the more chance you will actually be foreclosed on.
Justin Werner, ABR, CDPE, CRS, SFR
Accredited Buyer Representative
Certified Distressed Property Expert
Certified Residential Specialist
Short Sale & Foreclosure Resource Certified
Platinum Top 50 Realtor Finalist 2011
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Do you know anyone falling behind on their mortgage payments? As a CDPE I can help.