MortgageModificationHelpline.com is committed to helping home owners in a struggle with loan modification assistance. The Mortgage Modification HelpLine foreclosure prevention specialists on our team may be able to help you out of your mortgage struggles by providing you with a realistic loan modification, short sale, principal reduction or a variety of other number of foreclosure prevention programs. Please complete the form now and one of our specialists will contact you right away.
The Obama Administration and the Obama Administration are always searching for better ways to assist homeowners with the “making homes affordable” program. Our ability to help each homeowner comes from our knowledge and ability to experience to understand the many government loan modification programs and available today. Available programs include HAMP, HARP, NACA, HUD to suggest a few.
Our team specializes in one thing, keeping you in your home while making it more affordable. Our goal, to match you with a Modification Specialist that understands your situation and can customize a solution for you.
Mortgage Modification Helpline is committed to assisting clients who are financially strapped and find themselves struggling to make their mortgage payment each month. Our team of experienced mortgage specialists will assist you in negotiating with your mortgage lender(s) in an effort to avoid foreclosure. .
Many homeowners are simply walking away from their properties without evaluating whether there were alternatives that might have resulted in saving the property, minimizing the damage to their credit score, or avoiding a deficiency judgment. At the Mortgage Modification Helpline, we believe that real estate owners should evaluate all of their options and be advised of the legal consequences of the actions they may take before a property is lost to foreclosure
- Reviewing your loan documents to determine nature and extent of your obligations
- Advising you of the consequences of a default under your mortgage, including potential for deficiency judgment and cancellation of debt income
- Helping you develop the best strategy for your situation
- Negotiating mortgage assistance and workout agreements with your mortgage lender to allow you to keep your home or investment property
In many cases it’s possible to reduce your monthly payment by up to 50%. Whether you are struggling with a high interest rate or just falling behind with your monthly payments, a loan modification can help you solve your financial problems. In fact, many of our clients have poor or bad credit and are even upside-down (or underwater) on their mortgage.
Although your situation may be unique to you, it's not to us. Our team has completed 1000s of successful modifications and for that reason have the experience handle the most difficult and complex situations. By applying with the Mortgage Modification Helpline we can help you save your home from foreclosure while keeping your payments affordable.
If you are experiencing a hardship (lost your job, have credit problems, can't negotiate a mortgage refinance), The Mortgage Modification Helpline can assist. No matter what bank you are with, Wells Fargo, Wachovia etc our specialists have relationships with all of the major lending institutions. These relationships provide us with higher probability of a solution that is right for you.
If you are facing the possibility of foreclosure because you have fallen behind on your mortgage payments, it is important that you act quickly and consult a lawyer who can help you keep your home.
For many, mortgage assistance may be just the answer they are looking for.
At the Mortgage Modification Helpline, we take the time to get to know our clients, to review their financial situations, understand their unique goals and therefore help them make a well-informed decision that is truly the best for their future. For some, mortgage assistance may be the best answer to avoid foreclosure. For others, bankruptcy may be more beneficial. No matter your particular situation, a specialist at our center will work to provide you with the outcome that you need.
IMPORTANT: By submitting your information to the Mortgage Modification Helpline, you are agreeing to be contacted regarding loan modification services even though you may have previously chosen to have your telephone number added to any Do-Not-Call List including lists maintained by any local, state, or federal government agency
Recovery Act of 2009
The American Recovery and Reinvestment Act of 2009 (Recovery Act) was signed into law by President Obama on February 17th, 2009.
It is an unprecedented effort to jumpstart our economy, create or save millions of jobs, and put a down payment on addressing long-neglected challenges so our country can thrive in the 21st century. The Act is an extraordinary response to a crisis unlike any since the Great Depression, and includes measures to modernize our nation's infrastructure, enhance energy independence, expand educational opportunities, preserve and improve affordable health care, provide tax relief, and protect those in greatest need.
Implementation of the Recovery Act
The Recovery Act includes $13.61 billion for projects and programs administered by the Department of Housing and Urban Development, nearly 75 percent of which was allocated to state and local recipients on February 25, 2009 – only eight days after President Obama signed the Act into law.
Federal Housing Administration
The Federal Housing Administration, generally known as "FHA", is the largest government insurer of mortgages in the world. A part of the United States Department of Housing and Urban Development (HUD), FHA provides mortgage insurance on single-family, multifamily, manufactured homes and hospital loans made by FHA-approved lenders throughout the United States and its territories. While borrowers must meet certain requirements established by FHA to qualify for the insurance, lenders bear less risk because FHA will pay the lender if a homeowner defaults on his or her loan. FHA has insured over 38 million home mortgages and 47,205 multifamily project mortgages since 1934. Currently, FHA has 6.7 million insured single-family mortgages and 13,000 insured multifamily projects in its portfolio. Clearly, FHA provides a huge economic boost to the country in the form of home and community development, particularly in today's challenging financial climate
Open Government Initiative
The Open Government Directive is an effort to implement the three principles of transparency, participation, and collaboration that form the cornerstone of an open government.
promotes accountability by providing the public with information about what the government is doing.
allows members of the public to contribute ideas and expertise so that their government can make policies with the benefit of information that is widely dispersed in society.
improves the effectiveness of government by encouraging partnerships and cooperation within the federal government, across levels of government, and between the government and private institutions.
The Obama Administration’s Making Home Affordable Program includes opportunities to modify or refinance your mortgage to make your monthly payments more affordable. It also includes the Home Affordable Foreclosure Alternatives Program for homeowners who are interested in a short sale or deed-in-lieu of foreclosure.
In February 2009, the Obama Administration introduced a comprehensive Financial Stability Plan to address the key problems at the heart of the current crisis to get our economy back on track. A critical piece of that effort is Making Home Affordable, a plan to stabilize the housing market and help struggling homeowners get relief and avoid foreclosure.
The Mortgage Modification Helpline provides eligible homeowners the opportunity to modify their mortgages to make them more affordable. Over one million homeowners have already gotten help under the program. The program is on track to offer help to 3 to 4 million homeowners by 2012.
On March 26, the Obama Administration expanded flexibility for mortgage servicers to assist more unemployed homeowners and homeowners who are underwater through the program.
This offers homeowners a way to modify their second mortgages to make them more affordable when their first mortgage is modified under the Home Affordable Modification Program.
This gives homeowners with loans owned or guaranteed by Fannie Mae or Freddie Mac an opportunity to refinance into more affordable monthly payments.
Our homeowner programs, provides detailed information and resources about these programs. Through this website, homeowners can also connect with free HUD-approved counseling organizations, locate free events in their area, find the application documents necessary to apply for the Making Home Affordable Program, as well as find answers to frequently asked questions, and much more.
Report Lending Discrimination to HUD
If you believe you have experienced discrimination based on race, gender, national origin, or another reason, contact HUD’s Office of Fair Housing and Equal Opportunity at 1-800-669-9777.