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hope now alliance: Beware! Not All Note Modification and Short Pay Negotiators Are The Same! - 12/19/08 06:50 PM
There are options out there for struggling homeowners, albeit only a few truly helpful to these families trying to figure out how to stay in their homes. One program is the Streamlined Modification Program, a legitimate program that represents the efforts of a collaboration with the Federal Housing Finance Agency, the Department of Treasury and the members of the HOPE NOW Alliance. Some changes were announced last week for this Streamlined Modification Program:
"On Friday December 12, Fannie Mae announced more specific details about the Streamlined Modification Program (SMP) that was announced by the Federal Housing Finance Agency (FHFA) on November 11. … (12 comments)
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hope now alliance: Distressed Homeowners Frequently Asked Questions - 11/11/08 04:14 PM
In conjunction with the Blog Post "Distressed Homeowners, More Help Is On The Way", here are some questions and answers:
Q. Can I apply even if I'm not 3 months or more behind on my mortgage payments?
A. Not for this program, but there may be other options available to you. Call your lender to see what options are available to you.
Q. Should I stop making my payments so I'll be approved for a Note Modification?
A. If you intentional default on your mortgage, the lenders will not approve your request for assistance.
Q. What is a Note Modification?
A. A Note Modification … (2 comments)
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hope now alliance: Distressed Homeowners, More Help Is On The Way - 11/11/08 04:07 PM
Do you own a home, one you have been struggling with making the payments on? Have you given up hope of keeping your home, and stopped making your mortgage payments? Is it your wish to be able to stay in your home, if only the payments on it were more affordable?
Homeowners there are rays of sunshine in all the gloom in the housing market. A streamlined approach is being rolled out to help distressed homeowners wanting to stay in their homes. By December 15, 2008, servicers of loans sold to Fannie Mae and Freddie Mac - this is roughly 58% … (4 comments)
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hope now alliance: Shortened Time Frames Are On The Horizon For Home Now Alliance Applicants - 06/17/08 03:40 PM
Many Homeowners and the Realtors working with them to sell their homes have been frustrated by the slow time frames they are encountering when Lenders are involved in the transaction due to "short pays", a necessary part of the transaction when the homeowner owes more on their loan than they can pay from the proceeds of their sale based on what buyers are willing to pay. Many more homeowners are struggling to stay in their homes without having to sell them, and are looking to the Hope Now Alliance to help them accomplish this.
Finally, the process will start … (2 comments)
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Karen Pierce Cooper
Medford,
OR
More about me…
Karen Pierce Cooper| Housing Counselor |Oregon
Address: PO Box 4126, NMLS#223305 , Medford, OR, 97501
Office Phone: (541) 779-6691
Email Me
Bringing 28 years of experience providing Southern Oregon and California Home Buyers and Homeowners | Serving all of Jackson County Oregon including Ashland- Talent- Phoenix- Medford-Jacksonville- Ruch- Central Point- White City- Eagle Point- Shady Cove- Gold Hill, as well as Josephine County including Grants Pass- Merlin- Wilderville | Helping Southern Oregonians on the road to fulfilling the American Dream of Homeownership - and staying there! ,
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