Help Me Save My Home

HELP ME SAVE MY HOMESince 2008, the Obama Administration has implemented many “save a home” programs to assist homeowners who are “at risk” or are experiencing foreclosure and are struggling to make mortgage payments.

This website was designed with the intent to help homeowners save their home and get back to establishing some normalcy in their lives. For this reason, I urge homeowners who are “at risk” of losing their homes to study the various save home programs designed to help them stay in their home.

The “Making Home Affordable (MHA) Program was established to help homeowners avoid foreclosure and improve the country’s real estate market.  Unfortunately, it has not been successful in achieving the goals that were designed to accomplish this task.

Therefore, after the Obama Administration realized the MHA Program was ineffective, it developed other programs that were specifically geared towards resolving the issues of the homeowners.  Everyone’s situation is different, so if you’re unemployed, then the HAUP program was designed for you, if you’re “underwater” due to lack of equity, then anyone of the programs below should be able to assist you.

No matter what hardship you may be suffering be it divorce, death, unemployment, cut in pay, illness, etc., there is a program that will help.  However, for those of you who choose to walk away or are too financially strapped to make affordable payments, then the short sale program is available.

To that end, a list of all the MHA Programs are listed below.  Please click on programs under Help Me Save My Home Programs:

Help Me Save My Home Programs

Home Affordable Modification Program (HAMP).  The goal of this program is to reduce the mortgage payments by approximately 40% and offer the homeowner a loan modification to re-establish their account and place them in good standing.

Home Affordable Refinance Program (HARP).  The objective of this program is assisting any homeowner whose property is “underwater” (meaning they owe more than the property is worth) and were not able to obtain a new loan because of the declining value, this program will help by offering a more affordable mortgage.  However, the homeowner must be current on all mortgage payments.

Home Affordable Unemployment Program (HAUP).  This program was specifically designed for any homeowner that is currently unemployed and offers extension of 12 months of reduced or suspension of payments.

Home Affordable Foreclosure Alternative (HAFA).  Here’s another program that is designed to help any homeowner that is behind in mortgage payments or does not wish to save their home (but rather transition to another location) then a short sale or a deed-in-lieu of foreclosure may be the solution to their problem.

Second Lien Modification Program (2MP).  This loan program will help homeowners with a delinquent home equity line of credit, a second lien, or a home equity loan  mortgage by obtaining a loan modification or principal reduction.

Principal Reduction Alternative (PRA).  Mortgage servicers and investors have been encouraged by the government to offer struggling homeowners a principal mortgage reduction on outstanding balances to current market values.  FHA –Home Affordable Modification Program

FHA Home Affordable Modification Program (FHA-HAMP)This program significantly reduces the mortgage payment to a more affordable payment.  A FHA-HAMP will reduce your mortgage payments permanently by combining the partial claim of up to 30% and loan modification.

 Hardest Hit Fund  Did you know that some states were awarded the Hardest Hit Funds (HHF)  to provide aid to homeowners who are at risk of losing their homes?  More than 7.6 billion dollars was awarded to state Housing Finance Agencies to develop programs that will stabilize the local housing markets to assist homeowners in avoiding foreclosure.


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