Obama Making Home Affordable Refinance and Loan Modification
by Mortgage Rates on Tuesday, November 23rd, 2010 | 8 Comments
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Hey I know someone that can maybe give you some answers about the new government HAMP/HAFA program! Check him out at wwwhampghcom
If the Banks or Lenders Modifies your loan, thena denies the modification, you have a Right to 1. Bankrupt on teh Foreclosure 2. do a short sale immediately.
It is best to put the house on the market while you are waiting for the Modification. that way if it denied, it is on the market and they ca not touch you because there is a intent to pay.- But file a Bank rupt on the Foreclosure. The judges are onl your self becasue the banks are not following the American Home Act for home Modifciations
I PAID SOMEONE TO HELP SAVE MY HOME 1YEAR BEFORE THE MHA PLAN AND HE DIDNT GET THE JOB DONE THEN WHEN THE MHA PLAN CAME OUT HE ACTED LIKE HE CALLED THE PRESIDENT HIS SELF AND GAVE HIM THE IDEA LOL SO WE WENT WITH THE PLAN AND AGAIN WE DIDNT GET APPOVED CHASE KEPT SAYING MAKE YOUR PAYMENTS WHICH WE DID FOR OVER 11 MONTHS BUT THE PROGRAM ONLY ASK FOR 3 PAYMENTS THEN YOU SOULD GET A ANSEWER TO MAKE A LONG STORY SHORT MY HOUSE WENT INTO FORECLOSER AFTER I DID EVERYTHING I COULD TO SAVE IT
BEWARE! my girlfriends house is now in forecloser after being denied the MHA plan. She made all the “trial payments” for 10 months. It took a lawyer to get an answer on the approval or denial, then they denied her and put all her “regular payments” into forecloser and the trial seperate. BOA told her she was supposed to make her full regualr payment during the trial period. now they want $14,000 in back payments. MAKE YOUR REGULAR PAYMENT IF YOU ARE ON THIS “TRIAL PERIOD” AND SAVE YOUR HOME!
Great video! Is the Loan Modification offer their best offer? Can the Banks/Lender do better on their offer? I’m sure any amount lower than your previous or current amount is better but can they offer better?
GREAT INFORMATION
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Thomas, Monroe, AL