The Mesquite Nevada Real Estate Blog

Mesquite NV Foreclosures & Shortsales Prevention - Making Home Affordable

Mesquite NV Foreclosure and Short Sale Prevention - New Making Home Affordable loan modification and refinancing program will offer assistance to as many as 7 to 9 million homeowners who are making a good faith effort to make their mortgage payments.

Mesquite NV foreclosures and short sales

The U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) has launched a new website for consumers seeking information about the Obama Administration's Making Home Affordable loan modification and refinancing program.

Distressed home owners who are under pressure of possible foreclosure or short sale may find some help at this government website.

This Home Loan Modification or Refinancing program may help Mesquite Nv homeowners avoid foreclosures or short sales.

MakingHomeAffordable.gov offers features including interactive self-assessment tools that will empower borrowers to determine if they're eligible to participate and calculate the monthly mortgage payment reductions they could stand to realize under the Making Home Affordable program.

Features of the MakingHomeAffordable.gov website include:

  • Extensive information about the Administration's Making Home Affordable plan
  • Self assessment tools to allow borrowers to determine if they are eligible for the program
  • A calculator feature that allows homeowners to estimate the reduction to their monthly mortgage payment that they might stand to realize under the plan
  • Resources to find free, HUD-approved counseling services for borrowers who have additional questions
  • A handy checklist to ensure homeowners collect all the documents they need before calling their servicers

The website also has a page to warn homeowners in distress to Beware of any person or organization that asks you to pay a fee in exchange for housing counseling services or modification of a delinquent loan. Do not pay – walk away!careful of scams

Virginia Hepp
ERA Brokers Consolidated
Mesquite NV Homes
Mesquite Chamber of Commerce Member
702 622-1177

      for information about Mesquite NV homes

Mesquite NV Foreclosure and Short Sale Prevention - Making Home Affordable

 

                                 Mesquite Nevada Real Estate Agent  ~ ~  ERA

Virginia Hepp
 
Virginia Hepp ~ Mesquite Realtor
Pet Friendly Mesquite NV
Homes - Townhomes - Condos for Sale
 
50 - 55 + Active Adult Communities
Mesquite Gated Golf Course Neighborhoods
702 622-1177
 
 
 
 
 
 
 
 

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Comment balloon 6 commentsVirginia Hepp - Mesquite NV REALTOR • March 20 2009 09:45AM

Comments

Virginia, any tools you find that you can help the public to stay out of trouble with their lenders related to their housing are good tools.

Posted by Gary Woltal, Assoc. Broker Realtor SFR Dallas Ft. Worth (Keller Williams Realty) over 9 years ago

I applaud the Making Home Affordable Plan.  It will definitely help many people in the heart of the country.  Unfortunately it leaves many in the coast states out in the cold.  California, Florida, New York and other high price states will find limited help with the plan.

As for the warning, beware, but don't necessarily walk away.  Do your homework.  There is value in hiring a qualified Realtor to sell your home.  In the same light, there is value in hiring a qualifed Loss Mitigator to help you save your home. 

Just do your homework.

Posted by Kate Bourland, Onlilne Marketing Mobile Marketing (Marketing with Kate) over 9 years ago

Great info and we must get the word out to the public. 

Posted by Vanessa V. Simmons, Realtor (Real Living HER) over 9 years ago

Gary - I just had one client totally taken advantage of by someone offering 'foreclosure help' for a fee.  The lawyers have it now.

Kate - Yes, our area is lucky to have low-priced homes - it doesn't seem like it to the folks who live here, income is low as well.  We as Realtors need to do our homework, as well as the homeowners who are looking for solutions.

Vanessa - foreclosures and short sales are such a high percent of the market - as I learn about loan modification programs and other 'new' programs to help people in distress, I pass it on.

Posted by Virginia Hepp - Mesquite NV REALTOR, Mesquite NV Homes and Neighborhoods - Search MLS (ERA - Mesquite NV Homes For Sale) over 9 years ago

Virginia, great info!  THanks for the link to the web site, folks can get their questions answered.

Join my new AR group and post your blog at http://activerain.com/groups/virtualoffice

Regina P. Brown

Posted by Regina P. Brown, M.B.A., Broker, Instructor (MBA Broker Consultants) over 9 years ago

Hi Regina - I am a member of your group already - I posted this in groups for short sales, foreclosures, and loan stuff, but I will edit and put it in Virtual Office.

Posted by Virginia Hepp - Mesquite NV REALTOR, Mesquite NV Homes and Neighborhoods - Search MLS (ERA - Mesquite NV Homes For Sale) over 9 years ago

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