Maybe there will still be HOPE but if not….
Today I have talked with top banking officials and other FHA Lenders around the State of Michigan and it is still not clear if this FHA Hope for Homeowners program will ever get off the ground. Not only are we not getting the participation from most of your mortgage lenders, but even if we do, we as Mortgage Companies don’t have a NEW lender to sell your loan to!! This is INSANE! I cannot believe that the banking industry was this blindsided by this product when its been being discussed since mid summer. As we continue to put pressure on the banks to help you, I have partnered up with a company referred to me by Bill Spencer of Channel 7. This company is one of the BEST in the Country at getting your current lender to restructure your loan to payment terms you CAN AFFORD.
For those of you who have emailed me you will be getting an email about this but if you have not, please email me and place in the subject line “LOANMOD”. I will then send you out the application for this service and you WILL be contacted in the following days to go over the details of the service.
Take care, and keep your chin up!
Jeff Marsack jeff@landlordbusters.com