Hope For Homeowners

Mortgage and Lending with Citywide Home Loans NMLS 852210

Program Provides Relief to Troubled Homeowners

The HOPE for Homeowners (H4H) program assists borrowers at risk of default or foreclosure to refinance their mortgages to affordable, 30-year fixed-rate, FHA loans. Under the program, lenders take losses on existing debt obligations and new loans are set at 96.5 percent of current appraised values.

Eligibility requirements:

  • The existing mortgage was originated on or before January 1, 2008;
  • Existing mortgage payment(s) as of March 1, 2008, exceeds 31 percent of the borrower�s gross monthly income;
  • The homeowner did not intentionally default, does not have an ownershipinterest in other residential real estate and has not been convicted of fraud in the last 10 years under federal and state law;
  • The homeowner did not provide materially false information (e.g., lied about income) to obtain the mortgage that is being refinanced into the H4H mortgage;
  • They must have made a minimum of six full payments on their existing first mortgage and did not intentionally miss mortgage payments; and
  • `They do not own a second home.

H4H mortgages require borrowers to share the future equity in their homes with the government in return for loan modifications. Upon sale of H4H mortgaged properties, sale proceeds will pay off the H4H mortgage, as well as the shared equity and shared appreciation mortgages. The shared equity ranges from 100 percent from year one to 50 percent after year five, paid to FHA. The H4H program will conclude on September 30, 2011.

Homeowners in need should act now by calling the HOPE NOW Alliance at 1-888-995-HOPE.


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Sergio Rebollo Jr.
Real Estate TeamMates - Miami, FL

Jeff....Welcome to ActiveRain.  This is a great community to network with others as well a great place to learn from other's experiences and knowledge.  I've enjoyed it; I hope you enjoy it as well.  Congrats on your first post.

Sergio Rebollo Jr.
Exit Prime Realty
Coral Gables, FL  33134

Miami Short Sale Specialist - Profile

Dec 11, 2008 10:22 AM #1
Greg Steffens
Mountain Country Realty - Lake Arrowhead, CA

Hi Jeff - Welcome to "the Rain" and congrats on your first post.  Be sure to spend some time looking around at what and how others are blogging here - it's a great education and lots of fun.  Looks like you're off to a great start...keep it up

Dec 11, 2008 10:33 AM #2
Yvette Gardner
Keller Williams Realty, Spartanburg, SC - Spartanburg, SC

Welcome to the Active Rain community. This is a great site with lots of information.  Have fun with it and hope to see more of your blogs soon! 

Dec 11, 2008 01:35 PM #3
Maria Tascon
Keller Williams Realty Spartanburg - Moore, SC
Spartanburg SC Short Sale Specialist

Hi Jeff, 


Welcome to Active rain and congrats on your first post.  There is so much to learn here.  Make sure your block few minutes every day to learn from others and to share your knowledge.

Maria Tascon

Dec 11, 2008 02:33 PM #4
Kevin Sandridge
Signature Home Funding - Winter Haven, FL
Winter Haven Mortgage Broker


Hey Jeff, and Welcome to the Rain!

Kevin Sandridge, here. I'm honored to be the first to post a comment on your blog!

I joined the Active Rain community not too long ago myself and wanted to drop a line to share some of the good vibes and welcome wishes I have received already.

A Bit About Active Rain

I'm very excited about this community - basically because folks seem so willing to help out, provide industry insight, and share their good news and experiences!

When I started out on Active Rain, I felt a little overwhelmed.  I hope the following points and suggested sites will help bring you into the mix!  Just my way of saying that I'm glad you're here.


One:  Be sure to include a good amount of information on your profile page.  Check out the profiles on other Realtor's sites here on Active Rain who are listed as "Featured" or "Tops" in their area (look for high point totals).  You'll find that this will seriously boost your presence on ActiveRain - via the added points. 

Two: I urge you to keep blogging on this site!  You will be AMAZED at the awesome feedback you receive very soon after they hit the network!  I use Google Reader to subscribe to blogs that provide me with ideas about what I'd like to comment on - both industry wise and just for fun!  Check it out I am more than willing to step you through the site and to help you get a few more blog posts generated if you wish - as a way of adding some value and paying forward some good networking vibes!  :)

Three: Be sure to add in a good number of posts about what you think and consider pertinent regarding your area of expertise!  You'll notice that many if not all of the Featured posting bloggers here on AR do this.

Lastly, I do quite a lot of work via social networks, email campaigns, and relationship building.  If I can ever be of any assistance, don't hesitate to ask.

Here are a few great sites to visit (some of my favorites).  If you like the information they provide, be sure to let them know I sent you!

Looking forward to what you'll share with us here on Active Rain!  :)


Kevin Sandridge
Winter Haven, FL


Dec 11, 2008 04:38 PM #5
Everard Korthals
---Preferred Lifestyle Advisors--- - Lancaster, PA
Mountain Realty

Welcome to Active Rain. This is a great place to learn and share with others. IF ever you were to have any questions then feel free to contact us and we'll try to help. Please take a look at our blog for links to valuable information in our sidebar that you can use to navigate this extensive network. Subscribing to our blog is also a great way to read our blog straight from your home pages. We also suggest taking a look at the Active Rain Wikipedia group for resources that may be valuable to you. We hope you have a great day in the Rain! All The Best-

Sincerely, Active Castellum

Dec 11, 2008 06:17 PM #6
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Jeff,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to you!


Dec 13, 2008 12:00 PM #7
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