New government programs are now available to help homeowners who are struggling
with monthly mortgage payments and/or may be facing foreclosure of their homes.
New programs are also available for 1^st time home buyers.

Our network of qualified mortgage professionals can help you understand
and evaluate these new programs so you can make the right choice.

On March 4, 2009, The Obama Administration announced new U.S. Department of the Treasury guidelines to enable servicers to begin modifications of eligible mortgages under the Administration's Homeowner Affordability and Stability Plan, which was announced by President Barack Obama on February 28, 2009. In summary, the plan offers the following components:

The Home Affordable Refinance program will be available to 4 to 5 million homeowners who have a solid payment history on an existing mortgage owned by Fannie Mae or Freddie Mac. Normally, these borrowers would be unable to refinance because their homes have lost value, pushing their current loan-to-value ratios above 80%. Under the Home Affordable Refinance program, many of them will now be eligible to refinance their loan to take advantage of today’s lower mortgage rates or to refinance an adjustable-rate mortgage into a more stable mortgage, such as a 30-year fixed rate loan.

The Home Affordable Modification program will help up to 3 to 4 million at-risk homeowners avoid foreclosure by reducing monthly mortgage payments. Working with the banking and credit union regulators, the FHA, the VA, the USDA and the Federal Housing Finance Agency, the Treasury Department today announced program guidelines that are expected to become standard industry practice in pursuing affordable and sustainable mortgage modifications. This program will work in tandem with an expanded and improved Hope for Homeowners program.

For more information about these programs, you can download these documents
(Adobe Acrobat® reader required)
Homeowner Affordability & Sustainability Plan
Modification Program Guidelines

You can also determine if you are qualified to receive assistance through any of these programs

(Click the image above for self assessment tools)


CONTACT US TODAY TO DISCUSS YOUR OPTIONS

* There is NO CHARGE from Rohan Realty Associates for your initial consultation. There are bank fees, services fees and administrative charges associated with some mortgage services. You will be advised of all fees before you elect to take any option. All mortgage professionals we refer you to are properly licensed by the state of Florida and are independent contractors who are not employees, representatives or agents of Rohan Realty Associates.
 

If your situation is long term AND/or YOU WANT TO find another home
You might want to consider these options...

Defend your foreclosure - Your lender must follow certain prescribed time frames and procedures, and have all the necessary paperwork in place to successfully foreclose on your home. With the proper legal assistance, you may be able to delay or even prevent your foreclosure from occurring at all. Please see our Foreclosure Defense page for more information.

Short Sale Your Home - Sell the home for LESS THAN the balance due on the mortgage with the approval of your lender! You may be able to stall the foreclosure process and may also be able to continue living in your home while it is listed for sale. Please see our Short Sale Services page for more information.

Find a Rental Home - If a foreclosure is inevitable you might want to secure a new home now while your credit is still good enough to qualify for a rental property. There are many exceptional homes now on the market as rental properties. Please see our Relocation Assistance page for more information.