Update National Mortgage Servicing Settlement
We wanted to issue an update within the next week on the National Mortgage Settlement specifically within that agreement the Servicing Settlement. My reason for updating you on the modification guidelines if you did not read click here: MODIFICATION is because even IF you are unemployed you maybe able to receive help thanks to this settlement.
DISCLAIMER:
We do not work for the government or with the government we are a for profit agency providing foreclosure prevention and home retention services with the goal of principal loan reduction and or loan payment reduction. We make this disclaimer because homeowners call or ask if we can include them in the pay-out. In addition, if we have funds to help them for late mortgage payments. We are informing you of options with our company our FREE help that can keep your home. We attempt to stay update and inform you of any deadlines and relief efforts and make sure you do not become a victim of foreclosure fraud with all the foreclosure scams.
SERVICING CATEGORIES FOR SETTLEMENT:
The total breakdown are in categories of Principal Reduction with a $10 Billion settlement, $3 Billion for refinancing, and $7 Billion for other forms of relieve which we will discuss. In addition, are funds for military.
PRINCIPAL REDUCTION:
The Principal Reduction are for those delinquent or in danger of being delinquent and owe more than their homes current market value. The Servicing Settlement allots $10 Billion for relief to borrowers.
REFINANCING:
Refinancing allots require eligibility via basic needs that will lower the loan interest rate and intern lower mortgage payment amounts. This is great for those in adjustable rate mortgage to help lower there home loan. Settlement agreement for this program are $3 Billion.
OTHER FORMS ASSISTANCE:
Other forms category includes help for homeowners needing transitional assistance to walk away, benefits for service members active and inactive (service member benefits are well deserved and complete details will be discussed in another article settlement is over $5 billion), additional service benefits are for those away from home experiencing Hostile Fire and Imminent Danger Pay. Other forms also includes assistance for forbearance of principal for unemployed homeowners, and anti-blight programs and is allotted $7 Billion.
The lenders that are inclusive in this Servicing Settlement which is part of the National Mortgage Settlement are:
What does this mean? It means even though you may have been denied a loan modification there could now be a program to assist you if you have one of the lenders below.
Helping Families LLC Home Retention Foreclosure Prevention Team! Read more about the settlement by clicking on SETTLEMENT.
We wanted to issue an update within the next week on the National Mortgage Settlement specifically within that agreement the Servicing Settlement. My reason for updating you on the modification guidelines if you did not read click here: MODIFICATION is because even IF you are unemployed you maybe able to receive help thanks to this settlement.
DISCLAIMER:
We do not work for the government or with the government we are a for profit agency providing foreclosure prevention and home retention services with the goal of principal loan reduction and or loan payment reduction. We make this disclaimer because homeowners call or ask if we can include them in the pay-out. In addition, if we have funds to help them for late mortgage payments. We are informing you of options with our company our FREE help that can keep your home. We attempt to stay update and inform you of any deadlines and relief efforts and make sure you do not become a victim of foreclosure fraud with all the foreclosure scams.
SERVICING CATEGORIES FOR SETTLEMENT:
The total breakdown are in categories of Principal Reduction with a $10 Billion settlement, $3 Billion for refinancing, and $7 Billion for other forms of relieve which we will discuss. In addition, are funds for military.
PRINCIPAL REDUCTION:
The Principal Reduction are for those delinquent or in danger of being delinquent and owe more than their homes current market value. The Servicing Settlement allots $10 Billion for relief to borrowers.
REFINANCING:
Refinancing allots require eligibility via basic needs that will lower the loan interest rate and intern lower mortgage payment amounts. This is great for those in adjustable rate mortgage to help lower there home loan. Settlement agreement for this program are $3 Billion.
OTHER FORMS ASSISTANCE:
Other forms category includes help for homeowners needing transitional assistance to walk away, benefits for service members active and inactive (service member benefits are well deserved and complete details will be discussed in another article settlement is over $5 billion), additional service benefits are for those away from home experiencing Hostile Fire and Imminent Danger Pay. Other forms also includes assistance for forbearance of principal for unemployed homeowners, and anti-blight programs and is allotted $7 Billion.
The lenders that are inclusive in this Servicing Settlement which is part of the National Mortgage Settlement are:
- Alley Financial
- Citigroup, Inc
- J. P. Morgan Chase and Company
- Wells Fargo and Company
- Bank of America Corp. Including EDNY FHA Settlement
What does this mean? It means even though you may have been denied a loan modification there could now be a program to assist you if you have one of the lenders below.
Helping Families LLC Home Retention Foreclosure Prevention Team! Read more about the settlement by clicking on SETTLEMENT.
