Tag Archive: Making Home Affordable Program

Nov 02

HAMP: An Overview

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Home Affordable Modification Program (HAMP) is a program initiated by the Obama administration in order to help homeowners who are employed, but are still struggling with their payments. At first there was much debate about the program within the financial and political sector, but ever since its introduction, HAMP has proven itself to be a …

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Dec 10

Florida Homeowners, Have You Applied for HARP 2.0?

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Refinancing guidelines have recently been changed by the Obama administration in order to help more struggling homeowners who have negative equity. This means if you have stayed current on your mortgage for the past 12 months and upside you may qualify, that’s where HARP 2.0 comes in. Implemented in October, HARP 2.0 is the Federal …

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Aug 15

Florida Homeowners Who Wish to Move Have Reached a Dead End

If you’re one of the many Florida Homeowners that wish to sell, the hard reality is that you are likely to have to compete at a 20%-50% discounted rate. Even if you have paid off your mortgage and decide to rent your property to someone else in order to move, if there are high maintenance …

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Mar 11

Government Foreclosure Assistance Hangs By A Thread

Even at its most impotent, the HAMP program is expected to help around 300,000 more homeowners in the time of its life – if it doesn’t meet a premature end. This week the house of representatives voted to cut funding to HAMP. Spencer Bacchus (R-AL) commented “We should not waste taxpayer dollars on failed government …

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Mar 07

HAMPs Last Days?

Already facing possible defunding in Congress in the coming weeks, the government’s foreclosure assistance programs seem to have abandoned all pretense. Indeed, our loyal bloggers and foreclosure researchers keep a close eye on changes in the foreclosure industry, particularly when it pertains to programs that could help our clients. And yet the Treasury department announced …

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