The Obama Administration today announced details of new efforts to help bring relief to responsible homeowners under the Making Home Affordable Program, including an effort to achieve greater affordability for homeowners by lowering payments on their second mortgages as well as a set of measures to help underwater borrowers stay in their homes.

The HOPE for Homeowners (H4H) program was created by Congress to help those at risk of default and foreclosure refinance into more affordable, sustainable loans. H4H is an additional mortgage option designed to keep borrowers in their homes.

President Obama meets with the Housing Refinance Committee and a group of American home owners to discuss the mortgage crisis. He covers the initial causes of the crisis and the targeted goals of the administration’s programs designed to help a reported 7 to 9 million people who are eligible under the various program guidelines.

President Obama meets with the Housing Refinance Committee and a group of American home owners to discuss the mortgage crisis. He covers the initial causes of the crisis and the targeted goals of the administration’s programs designed to help a reported 7 to 9 million people who are eligible under the various program guidelines.

A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

In this video the Chief Tax Economist for the The National Association of Home Builders (NAHB) answers some of the most frequently asked questions (FAQs) regarding the newly amended First Time Buyer Tax Credit and the guidelines for qualifying.

Host, Carl Keating and in studio guest Cale Woods look at the potential for the foreclosure market becoming an asset to the real estate industries recovery. We also take another quick look at the to-date effects of the Stimulus Package elements and the FTC crackdown on the “New Breed” of predatory lender activity in the marketplace.

 

 Foreclosures Our Biggest Asset and We Are Still Bailing: Play Now | Play in Popup | Download (133)

As homeowners and communities throughout the country continue to face devastating consequences from the deep contraction in the economy and the housing market, the Obama Administration today announced a new coordinated effort across federal and state government and the private sector to target mortgage loan modification fraud and foreclosure rescue scams that threaten to hurt American homeowners and prevent them from getting the help they need during these challenging times.

Carl Keating and in studio guest Anna Belle Weathers of Keller Williams Realty discuss the final details of the Stimulus Bill as it is signed into law and the much anticipated Homeowner Assistance Program being detailed by President Obama in Arizona this week.

 

 Stimulated by Law and Foreclosure Bailout: Play Now | Play in Popup | Download (101)

OCC Consumer Tips for Avoiding
Mortgage Modification Scams and Foreclosure Rescue Scams
Scams that promise to “rescue” you from foreclosure are popping up at an alarming rate nationwide, and you need to protect yourself and your home.
If you’re falling behind on your mortgage, others may know it, too — including con artists and scam artists. They know [...]