Hi folks,
A new program rolled out by HUD could help some homeowners avoid foreclosure. Under the program, the lender of an existing subprime mortgage forgives part of the debt, and the balance is rolled into a fixed-rate FHA mortgage.
The HOPE for Homeowners program will refinance mortgages for borrowers who are having difficulty making their payments, but can afford a new loan insured by HUD’s Federal Housing Administration (FHA). The program begins October 1, 2008 and ends September 30, 2011.
Read more: Consumer Fact Sheet
Read more: Consumer FAQ
Kind regards, Mike Foate- By Land or By Sea!
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P.S. If you like our service please don’t keep us a secret!
We GREATLY appreciate all referrals.
SEARCH THE MLS!
http://www.VivianFoate.com
SEE WATERFRONT CONDOS FOR SALE!
http://www.vivianfoate.com/condos/condo-search/
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MIKE’S CELL: 850-596-4236
VIVIAN’S CELL: 850-814-2372
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Mike and Vivian Foate-REALTORS®
Prudential Shimmering Sands Realty, Inc.
400 S. Hwy 79
Panama City Beach, FL 32413
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