Obama Mortgage Modifications are a good option to stop foreclosure immediately, bring your loan current and give you an affordable monthly payment. If time is running out for you, then it is critical to learn how you can apply and qualify for a government program to save your home. Don't give up until you find out if this is the answer for you.
President Obama came into office amid a terrible economic downturn in the United States, and one of his first actions was to address the rising tide of foreclosure. The real estate market had plummeted, along with the rest of the economy, and people were losing their homes across the nation. With the 2009 Stimulus Package, there was a bill attached that applied $75 Billion dollars worth of funding for the Making Home Affordable Program.
This federal plan is called Home Affordable Modification. Most banks are participating and when you call the Loss Mitigation Department or Home Retention Department of your lender, you must specifically ask for this program. Obama has mandated that during the review process, all foreclosure activity must be halted until a determination can be made if a homeowner qualifies.
If you are already in default, all hope is not lost. If you qualify for a mortgage loan modification through the MHA program, you can work out your back payments, have your late fees and penalties forgiven, and get a lower monthly payment. President Obama's program could help turn your situation around, but the loan modification part of the program ends December 31, 2012.
must know facts about how you can get approved for Obama's loan modification. You can get the help you need to apply and qualify for a government mortgage loan modification by ordering and downloading the best selling handbook for homeowners, The Complete Loan Modification Guide. This is a low cost, easy to read home edition loan mod kit that will provide you with everything you need to prepare a professional and acceptable loan modification application. You are provided with all of the necessary forms and given detailed directions on how to complete them properly.
President Obama came into office amid a terrible economic downturn in the United States, and one of his first actions was to address the rising tide of foreclosure. The real estate market had plummeted, along with the rest of the economy, and people were losing their homes across the nation. With the 2009 Stimulus Package, there was a bill attached that applied $75 Billion dollars worth of funding for the Making Home Affordable Program.
This federal plan is called Home Affordable Modification. Most banks are participating and when you call the Loss Mitigation Department or Home Retention Department of your lender, you must specifically ask for this program. Obama has mandated that during the review process, all foreclosure activity must be halted until a determination can be made if a homeowner qualifies.
If you are already in default, all hope is not lost. If you qualify for a mortgage loan modification through the MHA program, you can work out your back payments, have your late fees and penalties forgiven, and get a lower monthly payment. President Obama's program could help turn your situation around, but the loan modification part of the program ends December 31, 2012.
must know facts about how you can get approved for Obama's loan modification. You can get the help you need to apply and qualify for a government mortgage loan modification by ordering and downloading the best selling handbook for homeowners, The Complete Loan Modification Guide. This is a low cost, easy to read home edition loan mod kit that will provide you with everything you need to prepare a professional and acceptable loan modification application. You are provided with all of the necessary forms and given detailed directions on how to complete them properly.
