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President Obama’s Help for Homeowners…

President Obama’s Making Home Affordable Program: Do you qualify?

Loan modifications are free. Your mortgage loan servicer, should work with you in an effort to make your mortgage payment affordable. Help is always free and we urge you to beware of foreclosure rescue scams that charge a fee. For more information on these scams visit www.makinghomeaffordable.gov/beware.html.

You may qualify for a LOAN MODIFICATION if:

You may qualify for a MORTGAGE REFINANCE if:

For more information, visit www.makinghomeaffordable.gov.

Having difficulty making payments now?

You may be currently delinquent or falling behind on your loan. We understand and every day we partner with hundreds of homeowners to develop solutions that help keep families in their homes. If you are having difficulty making your mortgage payment, here’s what you can do right now:

REPAYMENT PLAN:
A repayment plan allows you to make a regular payment plus a portion of the amount past due each month over a period of months. The repayment plan is based on the financial information provided and it may require a deposit toward the amount past due.

LOAN MODIFICATION:
This option is commonly used when there has been a temporary reduction in income or an increase in expenses. We have many types of modifications, including those offered under the Making Home Affordable program. An effective loan modification will lower your monthly mortgage payments and cure any delinquencies on the account.

SHORT SALE:
Selling your home is one solution when there is long-term difficulty making the payments. Unfortunately, property values can decline, causing a difference between the current market value and what is owed on the loan. The investor may accept less than the total amount rather than pursuing a foreclosure. We may request a contribution be made to reduce the total loss. You must list the property for sale at the fair market value and forward any offers to us for consideration.

DEED IN LIEU OF FORECLOSURE (DIL):
If all available options have failed and you are unable to sell your house, you may be allowed to sign title to the property over to us. You must have clear title to the home with the exception of the first lien.

If you think you may need our help, please contact us right away. Again, you can call us at 916-316-3810, or fax your financial analysis form to 916-248-7877. Completing the financial form will help us assess which type of plan would best fit your situation.