The foreclosure crisis continues to hammer homeowners who are trapped in mortgages with excessively high monthly payments. While the economy is beginning to turn around, many homeowners desperate to save their homes have seen the help they need. Many analysts are predicting that foreclosures will continue to worsen, particularly as Pay Option ARMs begin to balloon.
Economists estimate that about 1,000,000 Pay Option ARMs will reset in the next four years. In order to preserve home ownership and avoid a prolonged and painful recession, the government is encouraging homeowners to take advantage of of the Home Affordable Modification Program (HAMP) to modify these loans.
Loan modifications can help many of these borrowers save their houses. However, the Administration’s Home Affordable Modification Program (HAMP) has been slow to get off the ground and will not benefit thousands of homeowners fast enough. If you need help immediately, please do not hesitate. Call or email a loan modification expert or legal counsel in your area, today.
Don’t let the bank foreclosure on your home, contact Adam today.
Forensic Loan Audit
Adam Mukadam
2713 SW District Ave
Port St Lucie, FL 34953
P. 866 910 7065
am@ioannoulaw.com
I feel that single individual homeowners that loose their jobs should have the opportunity to refinance their homes. If their payments could be reduced they may be able to make that payment even if their only income is unemployment. They could be put on a temporary program that runs for just 6-12 months. This could prevent hundreds of foreclosures. The problem now is that some families can get refinancing as long as there is a second source of income that is not unemployment.
By: Pam Lane on December 27, 2009
at 6:11 pm
Please call the office 866-910-7065 .thank you
By: adam mukaddam on January 9, 2010
at 9:43 pm