The 2012 Homeowner's Guide to Loan Modifications, Short Sales and Deeds in Lieu
This book was written for a single purpose: To help American homeowners struggling with their mortgages avoid foreclosure.
In February, 2009, President Obama introduced his Making Home Affordable Program (MHA), which was designed to help families across America avoid foreclosure by restructuring their home loans. In the beginning, the program only included guidelines for first lien modifications, excluding any owned or secured by Fannie Mae or Freddie Mac. This severely reduced the number of eligible loans since loans owned or secured by Fannie Mae or Freddie Mac make up nearly fifty percent of the total mortgage pool. Today, the Making Home Affordable Program includes guidelines for Fannie Mae and Freddie Mac loans, second liens and pre-foreclosure sales. This book will explain the process, including the paperwork and steps to take for the core programs under the Making Home Affordable umbrella.
The United States is going through the hardest financial crisis since the Great Depression. The credit crunch, economic recession and weak global economy have deeply impacted the U.S. housing market. Home prices have dropped an average 33% since the market peaked in 2006. This is especially alarming since the drop in housing prices during the Great Depression was 31%.
Recent data indicates nationwide prices are at their lowest level since 2002. American homeowners have lost a decade’s worth of equity so far. Additionally, almost 1 out of 4 homeowners owe their lenders more than their home is worth. Some experts believe prices will continue to fall before the housing market stabilizes.
Help is available. Homeowners have options. This book will clarify the details, one option at a time.
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In February, 2009, President Obama introduced his Making Home Affordable Program (MHA), which was designed to help families across America avoid foreclosure by restructuring their home loans. In the beginning, the program only included guidelines for first lien modifications, excluding any owned or secured by Fannie Mae or Freddie Mac. This severely reduced the number of eligible loans since loans owned or secured by Fannie Mae or Freddie Mac make up nearly fifty percent of the total mortgage pool. Today, the Making Home Affordable Program includes guidelines for Fannie Mae and Freddie Mac loans, second liens and pre-foreclosure sales. This book will explain the process, including the paperwork and steps to take for the core programs under the Making Home Affordable umbrella.
The United States is going through the hardest financial crisis since the Great Depression. The credit crunch, economic recession and weak global economy have deeply impacted the U.S. housing market. Home prices have dropped an average 33% since the market peaked in 2006. This is especially alarming since the drop in housing prices during the Great Depression was 31%.
Recent data indicates nationwide prices are at their lowest level since 2002. American homeowners have lost a decade’s worth of equity so far. Additionally, almost 1 out of 4 homeowners owe their lenders more than their home is worth. Some experts believe prices will continue to fall before the housing market stabilizes.
Help is available. Homeowners have options. This book will clarify the details, one option at a time.
The 2012 Homeowner's Guide to Loan Modifications, Short Sales and Deeds in Lieu
This book was written for a single purpose: To help American homeowners struggling with their mortgages avoid foreclosure.
In February, 2009, President Obama introduced his Making Home Affordable Program (MHA), which was designed to help families across America avoid foreclosure by restructuring their home loans. In the beginning, the program only included guidelines for first lien modifications, excluding any owned or secured by Fannie Mae or Freddie Mac. This severely reduced the number of eligible loans since loans owned or secured by Fannie Mae or Freddie Mac make up nearly fifty percent of the total mortgage pool. Today, the Making Home Affordable Program includes guidelines for Fannie Mae and Freddie Mac loans, second liens and pre-foreclosure sales. This book will explain the process, including the paperwork and steps to take for the core programs under the Making Home Affordable umbrella.
The United States is going through the hardest financial crisis since the Great Depression. The credit crunch, economic recession and weak global economy have deeply impacted the U.S. housing market. Home prices have dropped an average 33% since the market peaked in 2006. This is especially alarming since the drop in housing prices during the Great Depression was 31%.
Recent data indicates nationwide prices are at their lowest level since 2002. American homeowners have lost a decade’s worth of equity so far. Additionally, almost 1 out of 4 homeowners owe their lenders more than their home is worth. Some experts believe prices will continue to fall before the housing market stabilizes.
Help is available. Homeowners have options. This book will clarify the details, one option at a time.
In February, 2009, President Obama introduced his Making Home Affordable Program (MHA), which was designed to help families across America avoid foreclosure by restructuring their home loans. In the beginning, the program only included guidelines for first lien modifications, excluding any owned or secured by Fannie Mae or Freddie Mac. This severely reduced the number of eligible loans since loans owned or secured by Fannie Mae or Freddie Mac make up nearly fifty percent of the total mortgage pool. Today, the Making Home Affordable Program includes guidelines for Fannie Mae and Freddie Mac loans, second liens and pre-foreclosure sales. This book will explain the process, including the paperwork and steps to take for the core programs under the Making Home Affordable umbrella.
The United States is going through the hardest financial crisis since the Great Depression. The credit crunch, economic recession and weak global economy have deeply impacted the U.S. housing market. Home prices have dropped an average 33% since the market peaked in 2006. This is especially alarming since the drop in housing prices during the Great Depression was 31%.
Recent data indicates nationwide prices are at their lowest level since 2002. American homeowners have lost a decade’s worth of equity so far. Additionally, almost 1 out of 4 homeowners owe their lenders more than their home is worth. Some experts believe prices will continue to fall before the housing market stabilizes.
Help is available. Homeowners have options. This book will clarify the details, one option at a time.
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The 2012 Homeowner's Guide to Loan Modifications, Short Sales and Deeds in Lieu
The 2012 Homeowner's Guide to Loan Modifications, Short Sales and Deeds in Lieu
eBook
$19.99
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Product Details
| BN ID: | 2940013703698 |
|---|---|
| Publisher: | Brenda Uriarte Avila |
| Publication date: | 01/05/2012 |
| Sold by: | Barnes & Noble |
| Format: | eBook |
| File size: | 238 KB |
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