Wednesday, May 4, 2016

Making Home Affordable is winding down. Apply for assistance NOW!

Making Home Affordable (MHA) is winding down. The.transition period begins in September 2016 where servicers will no longer be required to follow specific HAMP (Home Affordable Modification Program) requirements. This means that mortgage companies will no longer have to appoint "relationship mangers" to serve clients, there will no longer be a process for "escalating" a file, and homeowners who are underwater or upside down (owe more on their home than what it is worth) can not expect principal reduction.

This does not mean that there will still not be help available for homeowners who are facing default on their mortgage but there will be fewer options and less federal government involvement in the process incentivizing mortgage companies for assisting homeowners.  If anyone is struggling with their mortgage payment and  would like to be evaluated to see if they may be eligible for a modification, they need to act now!

The MHA wind down starts in September 2016 and by December 2016 the program will be over except for cases that are already in process.

Call me for a phone screening. If I think you warrant a more detailed evaluation, I will schedule an appointment and if we determine you may be eligible I will help you make application. I am a certified housing counselor with the Woodbine Community Organization, a HUD-approved housing counseling agency. I am not going to be modest- I am one of the best mortgage default housing counselors in the nation. I know how to put a package together and know how an underwriter thinks in reviewing your application.  Also, I will not waste your time. If there is no hope for you getting modified, I won't waste your time by going through the motions. My services will not cost you anything. Time is running out, call today. Rod Williams 6125-850-3453 (Tennessee only please).

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