Mortgage Assistance Available For Unemployed

By
Real Estate Agent with KASI Homes
Mortgage Assistance Available For Unemployed

 The Home Affordable Unemployment Program (HAUP) started July 1, 2010. It will provide homeowners a forbearance of monthly mortgage payments, either reducing them or suspending them for at least three months. Servicers can extend the timeline depending on regulatory guidelines.

Some guidelines for qualification include:

1. Homeowners have a first-lien mortgage originated on or before Jan. 1, 2009.

2. The unpaid principal balance on a single-unit primary residence must be equal to or less than $729,750

3. The mortgage has to be in default or in imminent default.

4. Those who have already gone through the Home Affordable Modification Program (HAMP) process are not eligible for the HAUP.

Unemployment

For the full story go to   http://www.housingwire.com/2010/07/02/treasury-launches-new-mortgage-help-for-unemployed-in-july

 

Keisha Hosea is a local Market Expert and Realtor in Chino Hills, California with Keller Williams Realty, She is the Team Director and CEO of KASI Homes. Keisha Hosea and the KASI Homes team offer help to home buyers and home sellers throughout the Inland Empire. With a Master of Arts Degree in Marriage, Family and Child Counseling, Keisha has worked extensively with families and couples during difficult and transitional times. KASI Homes is the place where you find Real Estate with a passion for Real Life Solutions.  For more information call direct at (909) 261-6377. Visit the website at http://KASIHomes.com

Posted by

Keisha Hosea, Broker

1-877-534-7421

KASIHomes.com

BRE #01489340

 

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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Vickie Slade 07/02/2010 09:54 AM
  2. Carol West 07/03/2010 12:51 PM
  3. Rain Silverhawk 07/03/2010 01:23 PM
Topic:
Real Estate Market Trends
Location:
California San Bernardino County Chino Hills
Groups:
Short Sales Specialists
Short Sale REALTORS®
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Tags:
foreclosure
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kasi homes keisha hosea
home affordable unemployment program
unemployment help
job loss and house
haup program

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Rainmaker
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Carol West
Carol West Real Estate, LLC - Hillsboro, OR
Real Estate Agent, Hillsboro, Beaverton, Portland

Good and timely article for the public. 

Carol West, Broker

Jul 02, 2010 09:54 AM #1
Rainmaker
985,908
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Keisha, this is very important information for those unemployed and with worries going through the roof. I do hope many know about this. Thank you for the heads up.

Jul 02, 2010 08:45 PM #2
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