Government Programs to Stop Foreclosure
The Obama administration realizes that some homeowners are having trouble making their monthly mortgage payments, so it created the MHA (making home affordable) program to help these good folks out. There are now plans to refinance a mortgage or to modify it so it’s easier to keep up on. Here is a look at some government help to stop foreclosure. HAMP (home affordable modification program) is a plan that modifies – that is, makes changes to – one’s original mortgage....
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