Did you know that there are actually seven tests that must be run in order to qualify for a Home Affordable Mortgage Modification?
Four of the tests are easy to identify:
1. Loan originated prior to January 2009
2. Property is owner-occupied
3. Loan amount within program guidelines
4. Qualifying hardship
5. 31% or greater ratios
6. The imminent default test and test number seven is the net present value test.
Do you know what happens when the home-owner does not pass the imminent default test and has $25000 or more in assets?
6. The imminent default test and test number seven is the net present value test.
Do you know what happens when the home-owner does not pass the imminent default test and has $25000 or more in assets?
7. HAMP / MHA Net Present Value Calculator
Let Casi Mod or Mi Path discover the answers for you.
Let Casi Mod or Mi Path discover the answers for you.
Software is not the answer on your problems. Chicago Loan Modification knows how to solve it in a proper way. They are expert in this situation.
ReplyDeleteLoan modification is no doubt one of the most promising ways to save one's home and steer clear of foreclosure.
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