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Finally Homeowners Get a Helping Hand, Program details here!
 
This is a Re-blog of a post by Hudson Ohio real estate agent Stacey M. McVey about the NEW program for those who are "Upside Down" or "Underwater" on their home can get help. 
I want to stress Stacey wrote:
"It's aimed at homeowners who have lost a job, had their payment jump, been hit with higher expenses, owe more than the home is worth or are otherwise at risk of default." 
 
Homeowners were lent a hand this week by the Obama Administration's newest effort to help families remain in their homes. The "Making Home Affordable" program was created to help as many as 9 million homeowners who want to stay in their homes, but are struggling with their finances.
 
Here is a good link http://www.financialstability.gov/makinghomeaffordable/index.html
  
Modification program
 
What is it?
 
Homeowners who are having trouble affording their mortgage payments either because of issues such as job loss or because of resetting interest rates may qualify for new, more affordable loans.
 
Do I qualify?
 
• You must live in the home.
 
• You don't already have to be behind on payments.
 
• The loan balance can't exceed $729,750.
 
• It's ... more

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