Were you the Victim of Predatory Lending? Has your house lost it's value? Have you lost your job?
On Wednesday, March 4th, 2009, Home Affordable Modification Program Guidelines were announced. Loan modifications consistant with these guidelines may now be offered to homowners.
This announcement followed the February 10th, 2009 announcement by Treasure Secretary Timothy Geithner outlining a comprehensive strategy to restore stability to our financial system by getting credit flowing again to families and businesses which is a vital step for effective and lasting economic recovery.
The Home Affordability and Stability Plan for Homeowners is part of the Obama Administration's broader strategy to get the economy back on track and has the potential to help up to 9 million families restructure their mortgages to avoid foreclosure. This not only helps the homeowners themselves, but prevents the decline of neighborhoods since foreclosures contribute to declining property values, failing business and unemployment.
If you have been the victim of predatory lending, owe more on your mortgage than your home is now worth or if you are experiencing a financial hardship of any kind, you may qualify for a loan modification to make your mortgage more affordable. In addition, the millions of homeowners who's payments are current but who are struggling to make them many also be eligible.
To find out if you are eligible for this new plan request a confidential consultation with a knowledgeable professional by submitting the form below.
