The Federal Housing Agency (FHFA) just released the fourth quarter report to Congress. The main point of the report was to show what the agency has done to stop the increase of foreclosure in the housing market. They are reporting that the numbers are working it appears with the loan modification part of “Making Home Affordable” program has had a positive effect on the market with the number of loan modifications increasing as well as the number of families staying in there home as well. Make Home Affordable website you can look and see details on Refinancing and Modification. Feel safe at this website it was setup by the government to help families get the information needed to save there homes.
A day does not go by that I don’t hear someone affected by the current housing market condition. The most important think I can say on the subject is don’t wait till it is too late, the sooner you take action the better. Too often I am approached by a friend all to later when it is all over. If only they had approached me 2-3 months earlier, there are step they could have done to change a bad situation, and end up with better results.
I try and share my knowledge of the programs available to as many as possible. So if you find this information helpful please share with all your friends.
To read the full article go to the following link: http://www.dsnews.com/index.php/home/news_story/2708
This Link will ask you a few questions then tell you if you qualify for modification: http://www.makinghomeaffordable.gov/modification_eligibility.html
Also released are the trial guidelines for the Make Home Affordable program. You can get a copy at the link below:
This information provided by:
Cutler Bay, FL