HPOAI works with banks and attorneys to stop the eviction process, purchase foreclosed properties at current market values, and resell those properties to their current occupants at a significant discount off the prior mortgage value.
HPOAI provides foreclosed homeowners and homeowners facing foreclosure with a new fixed rate mortgage based on a pre negotiated rate and term. This is not a short sale.
Save your home HPOAI welcomes applications from homeowners who are in foreclosure or are post foreclosure, and have a stable and predictable income (even if it is Social Security payments) that can support a mortgage at current rates. Those with poor credit history or who have filed for bankruptcy may be eligible and are encouraged to apply; so are individuals who have been turned down for participation in the federal mortgage modification programs. HPOAI will carefully examine the income, circumstances and ability of a homeowner in foreclosure to carry a mortgage that is roughly equivalent to the value of their home.
Stabilizing Housing
"Stability in the housing market will lead to a quicker and greater economic recovery, according to the National Association of Realtors. In a letter to Shaun Donovan, secretary of Housing and Urban Development; Timothy Geithner, secretary of the Treasury; and Gene Sperling, director of the National Economic Council, NAR offered its recommendations for helping stabilize and revitalize the housing industry and economy."
Copyright © Housing Program of America, Inc., 2011 - 2012.