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federal plan: HAMP Program Expanded-Updated Program Options Help More Homeowners - 04/12/10 05:25 PM
he Fed has updated and expanded their home retention outreach called HAMP in hopes that it will offer a solution to more homeowners. Unfortunately, the number of borrowers who have received help to date is pretty dismal, and the Treasury Department is trying to avoid having to take the blame for the billion dollar failure by reaching out to more homeowners. Effective April 5th, the expanded guidlines will now offer something for everyone (not quite-but close!)
The HAMP option will now be offered in a revised form to those homeowners who are unemployed and who have lost a lot of equity … (1 comments)
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federal plan: Indymac Loan Modification with Obama's HAMP Guidelines for Approval - 01/21/10 10:02 AM
Can you benefit from an Indymac loan modification using Obama's HAMP plan? This federal program is called Home Afffordable Modification or HAMP for short. If you are stuck in an unaffordable mortgage and facing a financial hardship situation, you need to learn how to apply and qualify for help using this government program. Here is a basic overview of the guidelines for approval and the terms offered for eligible homeowners.
Basic guidelines for Indymac HAMP Approval:
You must live in the home as your primary residence Your loan must have been originated before January 1, 2009 The loan amount must be … (0 comments)
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federal plan: Citimortgage Loan Modification Help-Does the Obama Federal Plan Benefit You? - 10/04/09 03:10 PM
Don't give up hope-there may be a solution to help you obtain an affordable mortgage payment and end the stress and frustration caused by financial difficulties. Citimortgage loan modification help is being offered by Obama's home rescue plan for homeowners who are at risk of falling behind on their mortgage payments or losing their home. The recession, record job losses and housing meltdown have caused a tidal wave of foreclosures across the nation, and the government has stepped in to offer a rescue plan for homeowners.
Citimortgage loan modification help has been slow in coming, but it is finally here. Obama … (0 comments)
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federal plan: Countrywide Loan Modification 2% Rate with Obama's Federal Plan - 09/26/09 10:10 AM
Countrywide is offering Obama's federal stimulus plan with a mortgage loan modification that features an interest rate as low as 2% and provides affordable payments for struggling borrowers. Tired of the lack of cooperation from banks, lenders and servicers, Obama has stated that he expects 500,000 completed loan modifications within the next 2 months. This is a window of opportunity for homeowners who need immediate relief from delinquent payments and help to avoid foreclosure. Are you one of the approximately 5 million borrowers who may qualify for this assistance?
A mortgage loan modification is a way to change the terms of … (4 comments)
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federal plan: Wells Fargo Mortgage Modification Stops Foreclosure Immediately - 09/26/09 09:47 AM
A Wells Fargo Mortgage modification is a good option to stop foreclosure immediately, bring your loan current and give you an affordable monthly payment. If time is running out for you, then it is critical to learn how you can apply and qualify for a government program to save your home. Don't give up until you find out if this is the answer for you.
When foreclosure is knocking on your door, it is easy to panic and give up. But did you know that Obama has offered a government mortgage modification plan that is specifically designed for homeowners just like … (3 comments)
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federal plan: Chase Loan Modification Programs & How they Work - 09/12/09 03:33 PM
Borrowers who are at risk of losing their homes or unable to afford their current loan may be eligible for a Chase Loan Modification. the bank has several options available for homeowners, including the federal program, Home Affordable Modification Plan. Borrowers who are facing financial hardship need to find out about the alternatives available to them to avoid foreclosure. Here are some of your options:
Repayment Plan: If you have a temporary reduction in your income or a temporary financial hardship, Chase may offer you a repayment plan to bring your loan current. This plan will allow you to make up … (0 comments)
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federal plan: Formula for Getting Approved on a Wells Fargo Loan Modification - 09/10/09 05:12 PM
Trying to figure out if you qualify for a Wells Fargo loan modification and then preparing your application can seem overwhelming. But you don't have to take chances with your loan modification proposal-learn the guidelines for debt ratio and target payment under the government's workout plan. The bank is offering this very aggressive program to homeowners who are either in default or at risk of default-so you may be able to qualify for a very low payment-the trick is to be able to complete your application forms so that the bank can verify that you meet the standard approval guidelines.
This … (0 comments)
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federal plan: Obama's Government Loan Modification Plan-HAMP Checklist to Apply - 09/03/09 06:13 PM
Here is a very important application tip that will help you get the loan workout you need. Learn what is required to apply and qualify for Obama's federal loan modification program, called Home Affordable Modification Plan, or HAMP. The program is paid for by $75 billion in stimulus money, and is designed to help at risk homeowners-both those who are in default and those who are at imminent risk of default. The goal is to provide the borrower with an affordable and sustainable monthly payment to help them avoid foreclosure.The federal government has mandated standard approval guidelines for everyone-this means that … (0 comments)
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federal plan: Wachovia Loan Modification-Formula for Federal Plan Approval - 09/03/09 06:03 PM
There is a standard formula that Wachovia will use to determine your eligibility under the Government Home Affordable Modification Plan. The Treasury Department has mandated that this formula be used when reviewing a borrowers request for a loan workout. Learn this basic formula and then you will be able to pre-qualify yourself and have a much better chance of getting your proposal approved.The federal Home Affordable Modification Plan is designed to provide an affordable and sustainable mortgage payment for homeowners who are either delinquent or at imminent risk of becoming delinquent. The first criteria that must be met is an evidence … (2 comments)
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Susan V. Gregory
Dana Point,
CA
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Newman Realty
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