My name is Trigg Lawler. I help home owners gain access to 75 billion dollars in government stimulus funds designated for mortgage relief. The qualifications are based on hardship, not credit. The funds are used to buy down your interest rate to as low as 2%, lower your mortgage rates by up to half and can prevent foreclosure. If this sounds like something you may benefit from and would like to see if you qualify for, please give me a call for a free consultation to ensure you get the maximum benefit of enrolment in this program. Thank You , Trigg 512-902-4179 877-275-8411 Here is how The Making Homes Affordable Mortgage Restructuring Initiative works. 1) Our legal department sends a letter to the Legal Department of the Lender. a) All communications regarding your Mortgage must then take place through your counsellor. b) If anyone from the Servicing, Collections or Loss Mitigation Department calls you, they should be informed that you have retained our firm. Please forward all communication from the lender to our offices. c)The Fair Debt Collections Practices Act forbids any contact with a Debtor once the Lender has been informed that you have retained our firm. The lender is subject to $500,000.00 in fines if they continue to attempt to collect a debt from a Borrower.
2) It takes between 2 and 6 months to enter the trial payment period. This is a discretionary period.
a) The lender can not proceed against you or foreclose on your Home during this time. The lender can collect payments from you if you send them payments. b) You are PROTECTED FROM FORECLOSURE, as no borrower can be foreclosed upon unless and until they have been completely evaluated for the Making Homes Affordable Mortgage Program Initiative.,
3) At the end of this period you are given a trial payment. If you make this trial payment on time for 3 to 6 months it becomes your permanently restructured Mortgage instalment.
a) Often times a trial instalment is half of the current payment, this restructured payment includes Taxes Insurance and H.O.A fees.
4) If a Borrower makes the first permanently restructured mortgage instalment on time, all previous payments in arrears must be rolled into the new instalment. If the payments in arrears and penalties can not be rolled into the restructured payment, they must be forgiven. Making Homes Affordable Mortgage Program does not allow the Lender to add payments in arrears, penalties and or fees to the end of the note.
a) Upon making the first permanently restructured Mortgage payment on time, your lender is obligated to report a new line of credit regarding your mortgage payment history to Trans Union, Equifax, and Experian, based on the trial payment history and the first on time permanently restructured Mortgage payment.
5) The M.H.A guidelines state that, If you make 12 consecutive on time mortgage payments, you Will receive $1000.00 in principal reduction from your mortgage balance. For each subsequent 12 consecutive on time payments you will receive an additional $1000.00 in principal reduction for up to 60 months, for a potential total of $5000.00 in principal reduction. . ___________________________________________________________________________ House loan refinance H.A.M.P. program HAMP modification loan Home refinancing