The Home Assistance Mortgage Program (HAMP) was set to expire at the end of 2015, but fortunately the program has been extended to the end of 2016. This extension is a blessing for struggling homeowners who need some type of mortgage foreclosure assistance; however, not all mortgage companies are participating in the HAMP program, and if you're not sure if your lender is participating then you can contact your lender directly for clarification.
Another program that has helped many struggling homeowners in default and foreclosure is the New York State Mortgage Assistance Program (NYSMAP) which program offers borrowers grant money up to $40,000.00 towards reinstating their mortgages, allowing them to resume making mortgage payments, but like the requirements under HAMP, the borrowers will need to demonstrate sufficient monthly income covering the mortgage payment along with the additional monthly household expenses shown by the borrowers on the application. The NYSMAP will usually approve the grant funds when the borrowers have been denied mortgage assistance through their lenders.
If you need additional information, you may contact us, and we will be happy to assist you.
Another program that has helped many struggling homeowners in default and foreclosure is the New York State Mortgage Assistance Program (NYSMAP) which program offers borrowers grant money up to $40,000.00 towards reinstating their mortgages, allowing them to resume making mortgage payments, but like the requirements under HAMP, the borrowers will need to demonstrate sufficient monthly income covering the mortgage payment along with the additional monthly household expenses shown by the borrowers on the application. The NYSMAP will usually approve the grant funds when the borrowers have been denied mortgage assistance through their lenders.
If you need additional information, you may contact us, and we will be happy to assist you.
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