ALL you need is 5!
~ take the quiz, and then give your servicer/bank/lender a call to see if you qualify!!
GET MOVING ON THIS!
There are still so many questions about how all these programs work. The Home Affordable Modification program introduced by Obama is available to those that qualify. Take this 5-question quiz to see if you are eligible. If you answer yes to all the questions, you may be eligible… but only your servicer can tell you if you qualify.
To answer these five questions will take less than 1 minute to answer … RIGHT AFTER you answer these 5 questions.... pick up that phone and contact your servicer/bank/lender and see if you qualify.
You MUST
- Be an owner-occupant in a one to four unit property,
- Have an unpaid principal balance that is equal to or less than $729,750 for one unit properties (there is a higher limit for two to four unit properties - consult your servicer),
- Have a loan that was originated on or before January 1, 2009,
- Have a mortgage payment (including taxes, insurance, and home owners association dues) that is more than 31% of your gross (pre-tax) monthly income, and
- Have a mortgage payment that is not affordable, perhaps because of a significant change in income or expenses.
Got 5 on it?
If you answered “NO” to one of these questions, please still contact your servicer/bank/lender just to be sure there are no other options for you. If you absolutely do not quality to apply for a loan modification or refinance, you still have the short sale option. So ask your servicer/bank/lender if you can get the simplified short sale agreement activated with them.
If you live in the areas of (Sacramento to Modesto to Patterson to Livermore to Fremont) – give me a call if your option is Short Sale.
But first, you will need to contact your servicer/bank/lender to see if you qualify for Home Affordable Modification.
Check out our website and find tips for BUYERS and SELLERS - Find some valuable information on ( Short Sales, Bank Owned Properties, Latest Loan Modification programs - including Foreclosure Alternatives Program to help prevent Foreclosure). I work with my daughter (D'Adrea Davie) as the Mother and Daughter Real Estate Realty Team at Family Realty Group and we have the latest information for the Loan Modification program & FAS (Foreclosure Alternatives Program).
Our aggressive marketing plan includes on-line listing advertising.
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If you are thinking of Avoiding Foreclosure, Short Sale or Buying a home in Northern California's Central Valley (San Joaquin, Alameda, Contra Costa and Stanislaus Counties - includes Stockton, Manteca, Tracy, Lathrop., Salida, Ripon, Modesto, Lodi, Hayward, Castro Valley, Union City, Fremont, Newark, Livermore, Pleasanton, Dublin and all surrounding cities). Call us at 866-543-0461 or email US (go to our website and email us).
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Rosemary - Thanks for spelling it out for people. I have found out that Bank of America won't offer help if payments are "on time"... and other options are "yes".