Four Making Home Affordable Options | Keep My San Ramon Home

By vnagy_sanca • January 11th, 2011

Four Making Home Affordable Options for Homeowners | Keep My San Ramon Home
The Making Home Affordable Program offers four options for homeowners:
(1) refinancing mortgage loans through the Home Affordable Refinance Program (HARP),
(2) modifying first and second mortgage loans through the Home Affordable Modification Program (HAMP) and the Second Lien Modification Program (2MP),
(3) providing temporary assistance to unemployed homeowners through the Home Affordable Unemployment Program (UP)
(4) offering other alternatives to foreclosure through the Home Affordable Foreclosure Alternatives Program (HAFA).

Making Home Affordable begins with an effort to keep borrowers in their home via refinance and loan modifications. There’s even a special segment for unemployed homeowners. HAFA short sales may be undertaken if the loan modification fails or if refinance is not an option.

Homeowners must be evaluated for HAFA short sales within 30 calendar days of the following:
•The borrower does not qualify for HAMP.
•The borrower does not successfully complete a HAMP Trial Period.
•The borrower is delinquent on a HAMP modification.
•The borrower requests a short sale or Deed-in-Lieu of Foreclosure.

However, before evaluating a homeowner for HAFA, a participating servicer must first consider the homeowner for other loan modification or retention programs that they offer. In addition, pursuant to the servicer’s policies, every eligible homeowner must be considered for HAFA by a participating servicer before the homeowner’s loan is referred to foreclosure and before the servicer may allow a pending foreclosure sale to continue.

Call for your free consultation with a caring, knowledgable real estate professional today! Call Vickie Nagy at (925) 407-7987, or Contact Vickie Nagy by e-mail! CA DRE#01363932, BMC Real Estate | 4115 Blackhawk Plaza Cir, Suite 100 | Danville, CA 94506.

Vickie Nagy is HAFA Certified, a CDPE Certified Distressed Property Expert and PSC Pre-Foreclosure Specialist Certified.

Vickie Nagy concentrates on helping sellers reach a successful short sale in San Ramon CA, Dublin CA, Danville CA and Pleasanton CA.

Vickie Nagy: (925) 407-7987 or email: Vickie@VickieSellsHomes.com

Steve Nagy: (925) 407-7853 or email Steve@BestTriValleyHomes.com

Vickie and Steve Nagy are available to help you with all your real estate needs, including relocation to San Ramon CA, Dublin CA, Pleasanton CA, Danville CA & nearby.

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