If you are a distressed homeowner in danger of losing your home to foreclosure, you have options.
You can apply for the President’s Home Affordable Mortgage Program (HAMP) or if the loan modification was unsuccessful HAFA (Home Affordable Foreclosure Alternative) short sale program may be available to you.
HAFA takes effect on April 5 and is designed to help Temecula homeowners who were unable to successfully modify their existing mortgage. Even if you don’t qualify for the government programs many major banks have implemented new procedures to “streamline” the short sale process.
One homeowner, apparently tired of the runaround, decided on a new negotiating tactic. I wouldn’t recommend this approach but it is definitely the poster child for the frustration many distressed homeowners are feeling.
If you would like to speak to a specialist to help you stop foreclosure, please call or email us.
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Tags: Help for Homeowners, help for homeowners in trouble, home affordable mortage program, stop foreclosure, Temecula Real Estate Market