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? About Hope Now program

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    #1

    ? About Hope Now program

    My attorney for my 13 gave me their number and said to call them, tell them I am in 13 and try to get refinance at lower rate or some debt forgiveness. He said they are starting to work with people because everytime they help, the government knocks off some of their fine (BOA). Has anyone had any luck?
    Tags: None
    #2
    To try to answer the question, here are some links to sites that I googled:

    Housing
    http://www.makinghomeaffordable.gov/Pages/homeowners_hopehotline.aspx?gclid=CNzkwKiL27gCFWIV7AodTBMA0g
    This page provides general background and information on the housing programs established by Treasury under TARP. The MHA program expired on December 31, 2016, however, help may still be available through your mortgage company or through the Homeowner Assistance Fund.Consumer Fraud AlertIn the beginning of 2009, the U.S. economy was facing the fallout from a housing bubble that by some measures had doubled home prices in a period of six years. By the time the Obama Administration took office in January 2009, home prices had fallen for 30 straight months. Home values had fallen by nearly one-third. Fannie Mae and Freddie Mac had been in conservatorship for four months, and American families were struggling to buy and keep their homes.In February 2009, President Obama announced a number of steps to strengthen the housing market and help struggling homeowners avoid foreclosure. As part of this broad response to the housing crisis, Treasury, under TARP, established two central programs, Making Home Affordable® (MHA) and the Hardest Hit Fund® (HHF).In December 2016, the Making Home Affordable (MHA) program expired. Although this resource is no longer available to homeowners, help is still available. Mortgage companies will continue to offer assistance. Contact your mortgage company or lender directly to inquire about available solutions.Key FactsTreasury, under TARP, launched Making Home Affordable® (MHA), to provide mortgage relief to homeowners and prevent avoidable foreclosures.The cornerstone of MHA was the Home Affordable Modification Program (HAMP®), which permanently reduced mortgage payments to affordable levels for qualifying borrowers. MHA expanded to include a number of other specialized programs.Treasury also introduced the Hardest Hit Fund® (HHF), which helps those states hardest hit by home price declines and high unemployment to develop locally-tailored foreclosure prevention solutions.Treasury's programs are part of a wider government response designed to help homeowners, preserve communities, and keep mortgage rates affordable for families.Programs at a GlanceMaking Home Affordable® (MHA)The Making Home Affordable Program® (MHA) provided mortgage relief to homeowners to prevent avoidable foreclosures. This included the Home Affordable Modification Program (HAMP), which permanently reduced mortgage payments to affordable levels for qualifying borrowers. MHA expanded to include a number of other specialized programs. MHA helped over 1.8 million families obtain mortgage relief and avoid foreclosure. MHA expired in December 2016.Hardest Hit Fund (HHF)The Hardest Hit Fund® was created to provide targeted aid to families in states hit hard by the economic and housing market downturn. The participating states were chosen either because they are struggling with unemployment rates at or above the national average or steep home price declines greater than 20 percent since the housing market downturn.


    National Mortgage Assistance Center (NMAC) Official Website
    https://www.nmacenter.org/index.asp?apcid=3976&gclid=CJe72eeL27gCFSdk7AodsGoASg
    The National Mortgage Assistance Center is a foreclosure prevention service dedicated to help you with your mortgage and save your home.


    http://www.hopenow.com/


    http://www.hopenow.com/questions.php


    Someone else brought up the Hope Now program but really knows nothing about it. I don't either, and I confess, I had you confused with that person. Once I was informed of that, I revised my post.

    I hope the above links will help.
    Last edited by AngelinaCat; 07-31-2013, 05:57 PM.
    "To go bravely forward is to invite a miracle."

    "Worry is the darkroom where negatives are formed."

    Comment

      #3
      Confusion fixed.
      Last edited by LadyInTheRed; 07-31-2013, 07:59 PM.
      LadyInTheRed is in the black!
      Filed Chap 13 April 2010. Discharged May 2015.
      $143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!

      Comment

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