The ABA Consumer Guide to Mortgage Modifications
：How to Lower Your Mortgage Payments with the Home Affordable Modification Program
Publication subTitle ：How to Lower Your Mortgage Payments with the Home Affordable Modification Program
Author： Kackley Dean Allen
Publisher： American Bar Association
Publication year： 2015
E-ISBN: 9781627227643
P-ISBN(Hardback): 9781627227636
Subject： D9 Law;F2 Economic Planning and Management;F8 Finances
Keyword： 法律,财政、金融,经济计划与管理
Language： ENG
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The ABA Consumer Guide to Mortgage Modifications
Description
Many homeowners seeking to refinance their mortgages and reduce their monthly payments may be unaware of the federal Home Affordable Modification Program which provides incentives to lenders to modify home loans. The program is geared for homeowners who are under financial duress, owe more on their mortgage than their homes are worth, or are facing foreclosure. The ABA Consumer Guide to Mortgage Refinance explains the benefits, qualification requirements, and the process for participating in the program. Many lenders do not fully understand the program and do not offer it to their clients. As a result, some homeowners are turned down, even though they may have qualified under the program. The book will empower readers with the knowledge to discuss the program with lenders, stand up for their rights under the program, and obtain the most favorable refinancing terms possible.