Not long ago, we were facing foreclosure, and let me tell you, it was scary! I hated the idea of losing our beautiful home but had no idea how to stop home foreclosure. In desperation, I began surfing the Web, looking for whatever I could find on the subject. Almost by accident, I came across Real-estate-yogi.com, and I’m so glad I did! This easy-to-use website had all the answers to all of my questions, and I felt so much better after my visit.
Let me share some of the things I learned from this very helpful site.The answer to “Can you stop foreclosure?” is a resounding yes! It is possible, and it may not be all that difficult. There are two main procedures that can help stop foreclosure. One is a loan modification, and the other is a mortgage refinance loan. When a loan is modified, changes are made to it that will make it easier to afford. With a refinance, the entire original loan is paid off and a new one that has better rates or terms is drafted. The goal of both processes is to reduce the homeowner’s payment so they can keep their home. Real-estate-yogi.com was instrumental in our remaining in our house, and I’m very grateful to the folks there. Let’s look at more of how they helped us.
The first question I asked when I contacted Real-estate-yogi.com by phone was “How do you stop foreclosure?” I was terrified that the bank would take our home from us because we’d fallen quite a bit on our mortgage payments. I was told to look into President Obama’s Home Affordable Modification Program, or HAMP, as it’s called. This is a program specifically developed for homeowners like us – down on our financial luck, living hand-to-mouth – who are struggling to make their payments. Through modification of our mortgage, we lowered our payment by almost 40%! We were very happy about that, for sure!
Another option to make a foreclosure procedure stop is by applying for HARP, the Home Affordable Refinance Program, also sponsored by the federal government. In this situation, a homeowner whose mortgage is owned or serviced by Fannie Mae or Freddie Mac can be refinanced so he can handle the new payment. He will have to have gotten the mortgage on or before May 31, 2009 to qualify, and he has to be current on the loan. Anyone can apply for either HAMP or HARP with any participating lender, and there are plenty of them due to the enticing incentives the government offers financers.
www.real-estate-yogi.com helped my family out of a stress-inducing, horrible situation, and I am eternally grateful to the people there. This terrific site connected us to the expert fiscal professionals who could answer the questions we had –for free. Give them a call at 1-800-987-1397 for a no-cost consultation.
