5 Federal Programs Homeowners Should Review for 2013

As homeowners receive their annual property assessments & taxable valuations in the mail, many will see the continued drop in the value of their home. Despite recent reports of declining “underwater” homeowners in the fourth quarter of 2012, there are still many homeowners looking for help.

Property values in many California markets to include, Chino, Chino Hills, Diamond Bar and surrounding areas are starting to see property values creeping up; but, many homeowners are still underwater and owe more than their home is worth.

Information & education is imperative on housing programs that are available to homeowners. Qualifying for one of these programs can mean the difference between losing or staying in their home.

The following is a list federal programs compiled by Greenpath Debt Solutions.

1. HAMP (Home Affordable Modification Program) - Tier 1 & Tier 2
2. HAFA (Home Affordable Foreclosure Altrnatives) - Updates
3. Independent Foreclosure Review Alternative Settlement
4. Fannie Mae Refinancing Incentive
5. Hardest Hit Funds - See http://www.ncsha.org/housing-help

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