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Tuesday, August 7, 2012

Hud Rolls Out New Public Service Advertising for the $25 Billion Settlement with Mortgage Services

The first high visibility public service announcement campaign rolled out on Thursday.
 Who is eligible?
 * Borrowers who are current on their mortgage payments but “under water” — their homes are worth less than they owe.
  * Some 750,000 homeowners who lost their homes to foreclosure between Jan. 1, 2008, and Dec. 31, 2011
* Homeowners who need loan modifications, including principal reduction.
Homeowners in Oklahoma, the only state not to join in the settlement, will not qualify for the assistance.
Loans owned by Fannie Mae or Freddie Mac are not impacted by this settlement. For more information visit
Don't wait for the bank to contact you regarding these funds!
Have your documents checked today for Robo-Signing and be proactive in procuring these benefits for your clients.  If you need more assistance comment here or email us your questions or we are more then happy to assist you.

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