If you don’t feel like paying your mortgage, just stop and let the government make the payments instead. Borrowers will be able to apply for the Emergency Homeowners Loan Program of up to $50,000 by the end of the year. They must be at least three months behind in their payments, but have a reasonable likelihood of being able to resume payments within two years. And they must have suffered at least a 15% drop in income, but have been able to afford their mortgage before their income loss.
Also, the property must be their principle residence and they cannot own a second home. And they must live in Puerto Rico or one of the 32 states not receiving federal assistance through the Hardest Hit Fund, which gave 18 states more than $4 billion to come up with programs to help the unemployed and underwater. The emergency loan program is built on a similar initiative in Pennsylvania, which was created in 1983. That effort, which is funded by the state, provides loans of up to $60,000 for up to three years. It has distributed $470 million on behalf of more than 44,000 homeowners since inception and boasted an 80% success rate in preventing foreclosure. Of course it has. I’ll be surprised if it isn’t flooded the minute it gets going.
I’ll show you how to short sale your property and never pay the bank another penny.
My TEAM and I will Help show you how to Find a great Short Sale property and get a FREE Short Sale Foreclosure or Short Sale House List….
Send me an e-mail at email@example.com. I will contact you for a Free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (770) 866-2561.
Discover how other sellers successfully completed a short sale and request a free consultation.
Thinking about a loan modification? Our Atlanta Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender.
Thanks for reading this, Roland Lorans.
Phone: (770) 866-2561 or 404-843-2500 firstname.lastname@example.org.
View My homes for sale at HelpMeSaveMyHome.
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- Not wise to stiff holder of second mortgage (seattletimes.nwsource.com)
- Home Affordable Modification Program (flowerblossoms.wordpress.com)
- If You Find Yourself in Trouble with Your Mortgage (homeloans.org)