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.
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
for information about Mesquite NV homes
Mesquite NV Foreclosure and Short Sale Prevention - Making Home Affordable
Mesquite Nevada Real Estate Agent ~ ~ ERA
Virginia Hepp ~ Mesquite Realtor 
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.
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.
Great info and we must get the word out to the public.
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.
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
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.