Do you Need Help Paying your Mortgage?

 

The Treasury Department has released a New Program to Help Owners Avoid Foreclosure. In addition to the Making Affordable Modification Program, the Treasury has developed alternatives to foreclosure when is ruled out.  Home Affordable Foreclosure Alternatives Program (HAFA).

 

It appears that program's goal is to streamline short sales so they don't take outrageous amounts of time to get approval which can not only be a detriment to the seller, but the buyer is also at risk for various reasons. 

 

The basics of this program work like a child's puzzle. You either fit into the box or you don't. If you don't then there still may be hope

 

 

Here is a link to the new program

https://www.hmpadmin.com/portal/docs/hamp_servicer/sd0909.pdf         

 

 

 

 

 

 

 

 

 

 

 

 

Check to see if you may qualify with your lender.

 

Bank of America

Wells Fargo

Chase Mortgage

Citi Mortgage

Flagstar