More than 110,000 permanent loan modifications were approved under the Obama administration’s Home Affordable Modification Program (HAMP) as of December, according to the U.S. Dept. of the Treasury and the Dept. of Housing and Urban Development (HUD). Under HAMP, more than 850,000 homeowners have had a median payment reduction exceeding $500.
At its current pace, HAMP is on track to meet the goal of assisting 3 million to 4 million homeowners by reducing monthly mortgage payments to affordable and sustainable levels, according to the report.
County Properties, 23 years of brokerage experience trust and a Member of the local Better Business Bureau! We offer free counseling in real estate regarding; home values and information on options of selling vs. Foreclosure.
If you have equity in your home, we will sell your home and get top dollar in this challenging market. If you do not have enough equity, and you must sell your property as a short sale we have the expertise to do so also and close escrow in 45-60 days or less. Learn more about mortgage relief options and how to take advantage of our FREE REALTOR (R) /ATTORNEY CONSULTATION. Please feel free to contact me today for free counseling at (619) 301-0200 visit our website, click CountyProperties.net
By the way…if you know of someone who would appreciate the level of service I provide, please call me with their name and business number and I’ll be happy to follow up and take great care of them.