Free Home Retention Workshop April 2, 2011

Are your mortgage payments more than you can handle? Have you been getting harrassing phone calls because you have late payments? Is your current Lender threatening foreclosure? We can help!

Q. Can I get a mortgage modification through the Home Affordable Modification Program (HAMP) if my loan is not owned or guaranteed by Fannie Mae or Freddie Mac?

 

Yes. HAMP helps homeowners who are struggling to keep their loans current or who are already behind on their mortgage payments. By providing mortgage loan servicers with financial incentives to modify existing first lien mortgages, the Treasury hopes to help homeowners avoid foreclosure regardless of who owns or guarantees the mortgage.

Q. What if I am facing foreclosure?

 

Participating servicers may not refer a loan for foreclosure sale or proceed with a foreclosure sale on an eligible loan until the homeowner has been evaluated for HAMP and, if eligible, a trial modification offer has been made. Participating servicers must use reasonable efforts to contact homeowners facing foreclosure to determine their eligibility, including in-person contacts at the servicer's discretion. Foreclosure sales may not be conducted while the loan is being considered for a modification or during the trial period. Additionally, once a homeowner has entered into a trial period plan by submitting the first trial period payment, the servicer may not take the first legal action to initiate a new foreclosure.

Loss mitigation programs were established by the federal government and the mortgage industry in order to help prevent home foreclosures. There are several programs available, and each lender has its own policies regarding the use of these programs. In addition, each program has its own complexities and rules that must be followed.

Because of our extensive experience, as well as our close working relationships with mortgage lenders, we are able to help you successfully navigate through those complexities and rules, which may otherwise be overwhelming for you as you work together to avoid foreclosure.

First we perform a thorough assessment of your personal finances, and analyze your lender's loss mitigation policies. Then our professional loss mitigators will negotiate with your lender to get you the best possible solution to your home foreclosure problem. Our goal is to minimize your financial loss and attempt to limit the damage to your credit history through any one of your banks loss mitigation options.

Please come and get the education necessary to help your Family.

 

 


              

Jennifer & Gary Ricco Retired Police Officers, PSC, CDPE

REMAX of Santa Clarita

25101 The Old Road

Santa Clarita, Ca 91381

661-803-2093

'Quality Consulting Through Continuous Improvement'

www.SantaClaritaPreForeclosureSpecialists.com

Serving the Greater Los Angeles Area & Ventura County

License numbers 01461940, 01803395

Follow us on Facebook: Santa Clarita Pre Foreclosure Specialists Fan Page

 

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Gary Ricco

Santa Clarita, CA

More about me…

Remax of Santa Clarita

Address: 25101 The Old Road, Santa Clarita, Ca, 91381

Office Phone: (661) 803-2093

Cell Phone: (661) 645-9409

Email Me

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