housing recovery: I JUST Became My Father! - 03/08/12 04:41 AM
 
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)