Hudson Valley Happenings Blog : July 2009

Are you having difficulty making your mortgage payments?  Do you feel like you are walking a tightrope each month trying to set aside enough to pay the mortgage and all your other living expenses?  Lately many have been facing the horrible realization that they are not going to be able to continue to pay their mortgage.  I have received calls from several of my clients asking about Loan Modification.  I am advising them to speak with their current mortgage servicer.  Even if they called as little as one month ago and got nowhere, many are finding a very different answer today.  What seemed to be impossible might just be possible.  You worked hard to find that home and you really want to stay there.  Some of you may be able to find relief and stay in the house through Making Home Affordable .  

If you go to this site you can browse through so many helpful pages of information about the refinance and loan modification programs.  There is a Simple Questionnaire to help you determine if you are eligible for the programs.  You can access a Frequently Asked Questions section that will give you answers to many of the questions you may have about the program.  I want to caution you to avoid paying anyone to help you with your efforts to use this program. The site warns us to Beware of Foreclosure Rescue Scams - Help Is Free!

This is happening now!  Savings on your monthly payment can be significant.  Some people are saving more than $1000 a month in their payments.  There is hope that you can stay in your home.  Review the Making Home Affordable  website today and contact your Mortgage Servicer for further details.  Please don't let this opportunity pass you by.