FHA Hope for Homeowners Hotline

By
Real Estate Agent with Realty Executives Associates 00292515

Meg Burns, FHA Single Family Developement, is on CSPAN answering questions. She reminds people that, through Hope for Homeowners program, conumers in trouble with their mortgage can call 1-888-995-HOPE. They will give counseling and have the capability to redo a loan. The loan amount can be reduced!

She also reminds people tha when they get in trouble with their loan to call their lender. the lender wants them to stay in their home.

Cathy Glass, Cathy@CathyGlass.com

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Anonymous
Misty

My mortgage servicer is willing to write down the loan and get me off of their books, but they can't refinance me because they are only a servicer. They told me to find a lender to process the Hope for Homeowners refinance for me. I fit all of the requirements to a tee. I tried and I haven't had any luck finding one lender who could process the loan it. This program is a big joke. Modification may be the only way to go friends. I would like to know of one person in this country that has actually been approved on this Hope for Homeowners program. It has been in effect for 9 full days and I'll bet anything that no one has been helped or ever will be helped. A big waste of time.

Oct 09, 2008 06:18 AM #1
Rainer
37,484
Frances Sanderson
Bean Group / Franklin - Franklin, NH

Hi Misty,

My brother had a Fannie Mae loan and after I gave him the HOPE # to call, he called me back 15 minutes later to say Thanks. He was able to shave a percent off of his loan and they extended the length of the mortgage term. His is obviously a benefactor of the loan modification program.

I asked for help myself and wasn't so lucky. If you have a Fannie Mae or Freddie Mac loan, the modification program is geared specifically to you.

Frances Sanderson, Franklin, NH REALTOR®, Certified EcoBroker®

Sep 30, 2009 06:08 AM #2
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Rainmaker
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Cathy Glass

Realtor - Knoxville, Tennessee
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