how To Avoid Foreclosure With the Home Affordable Modification Program

Sept. 4, 2012 - PRLog -- Thanks to Credit-yogi, my family and I are still happily sleeping in our own homes in our own beds tonight.  Owning my own home and business were my American Dream.  I worked hard in my tree trimming business, but I had everything I ever wanted--a wonderful family, a home of my own, and enough money to pay my bills and have a little left over.  Life was good.  Then, tragedy struck.  I was injured on the job and unable to work for a little over a year.  If a tree trimmer does not work, the bills don’t get paid.  My house was about to go into foreclosure.  Then, I learned how to save my home with the
HAMP government program.

•   What is HAMP?
•   Now Easier to Qualify
•   How to Get Started

Watch Youtube Video: http://www.youtube.com/watch?v=EnQReON_6js&feature=player_embedded



What is HAMP?

Hamp is the Home Affordable Modification Program.  Initiated during the Obama regime, it is aimed at avoiding foreclosure to keep families in their homes by promoting the following for the homeowner:

1.   Monthly payments reduced to no more than 31% of the gross monthly income
2.   Avoiding Foreclosure
3.   Late Fee restructuring
4.   Principal and/or interest rate reduction
And the following for the lender:
1.   Payment in full of the entire loan
2.   No foreclosure or resale expenses
3.   Government incentive funds to encourage lender participation

To avoid foreclosure visit: http://www.credit-yogi.com/foreclosure/

Now Easier to Qualify

Even if you were denied in the past, defaulted on a government home affordable modification program, or were disqualified during the trial period, you may now qualify to participate due to a relaxed standard for acceptance into the program.  Among these changes are relaxed debt to income ratios and alternative programs that even include rental property, so if you were denied in the past, it may be time to reapply to see if you can benefit from these relaxed standards.

How to Get Started

Borrowers may deal directly with the bank themselves, but due to the complexity of the processes involved, it is almost always better to use a service such as Credit-Yogi to navigate what can certainly be murky waters to most of us.  If you have found yourself in a situation where your mortgage has become too much for you to handle, the Obama home affordable home modification program could be an option to allow you to avoid foreclosure and remain in your home.  Act now by filling out the no-obligation forms provided here.  The more quickly you take action, the better!

Get More How to Modify home Loan : http://www.credit-yogi.com/foreclosure/obama-loan-modific...