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Millions of American homeowners have been stung by the mortgage crunch over the last few years. In 2008 alone 1.3 million homeowners faced the real situation of being unable to pay their mortgage and subsequently lost their homes in foreclosure. With the help of new legislation the Home Affordable Modification Program has been put into action to help millions more of Americans who face the same situation.
Who is Eligible?
The loan modification program administered by the federal government will make efforts to help millions homeowners having trouble paying on their mortgage. To be eligible, a mortgage must have been funded on or before Jan. 1, 2009. Other eligibility requirements include:
What Are The Possible Loan Modifications?
Homeowners who are suffering with their mortgage payments may be able to make changes to their mortgage documents that permanently change the monthly payment amount. By making payments more affordable homeowners have the chance to save their homes.
The Home Affordable Modification Program is now in place and ready to help Americans save their homes from foreclosure. If you are facing the real possibility of foreclosure, contact the program today and let them get the modification process started for you.
Navigating Mortgage Loan Modification: DIY or Professional Assistance?
In the face of financial hardship, many homeowners find themselves struggling to keep up with their mortgage payments. A viable solution to prevent foreclosure and maintain homeownership is mortgage loan modification. This process involves renegotiating the terms of your mortgage to achieve a more manageable payment structure. The decision to tackle this process independently or to engage a professional loan modification company is crucial. With the right approach, homeowners can secure their financial future and retain their homes.Getting Your Litton Loan Modified to Avoid Foreclosure
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal";...Prevent Home Foreclosure Through Loan Modification
Foreclosure is a sad reality for most troubled homeowners in this prevailing financial crisis. But you can prevent it and keep your home if you seek immediate legal advice and apply for a loan modification.