Many homeowners stuck with unaffordable mortgage payments could possibly be eligible for a federal plan that offers to reduce their monthly payments and help them to avoid foreclosure. The federal mortgage loan workout program is called HAMP-for Home Affordable Modification Plan. This home retention program is funded by $75 billion in stimulus funds and is only available for a limited period until the funds run out or the program reaches it’s end date.
The rest is here: Mortgage Loan Modification Request For Federal HAMP Program – Why Homeowners Need to Apply NowMortgage Loan Modification Request For Federal HAMP Program – Why Homeowners Need to Apply Now
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