HAMP for Investors Announced I just saw an announcement on Bloomberg TV that the HAMP or Home Affordable Modification Program will be extended to investors for up to 4 rental properties. Starting in May, investors can make application for a loan modification that can include reduced interest rates, increasing the length of the loan, and principal forgiveness. One caveat is that the property must remain as a rental, though I did not hear what length of time is imposed for participation.
Where has personal responsibility gone (26 comments)
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AJ Heidmann ~ CRS
YOUR Alexandria & Arlington, VA Real Estate Expert