Help is available to those who are in a situation where they may need to consider some options with their home Don't feel alone as many of us are having to consider some alternatives during these times.
Making Home Affordable Program (The HAMP Program)
On February 18, 2009, President Obama announced his Making Home Affordable Program (MHA), designed to help up to 7-9 million families avoid foreclosure by restructuring or refinancing their mortgages. In doing so, the plan not only helps responsible homeowners behind on their payments or at risk of defaulting, but prevents neighborhoods and communities from being pulled over the edge too, as defaults and foreclosures contribute to falling home values, failing local businesses, and lost jobs.
For more detailed information, visit MakingHomeAffordable.gov.
The Home Affordable Foreclosure Program (The HAFA Program)
This program offers incentives for doing a short sale on your home. If you went through the HAMP program and was not able to successfully get your loan modified, then you may qualify with your lender to enter the HAFA program. Click this link to get more information http://www.realtor.org/government_affairs/short_sales_hafa. Then call your trusted agent, Pamela A. Harris, for more assistance through the process.
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