In February 2009, the Obama Administration introduced a comprehensive Financial Stability Plan to address the key problems at the heart of the current crisis to get our economy back on track. A critical piece of that effort is Making Home Affordable, a plan to stabilize the housing market and help struggling homeowners get relief and avoid foreclosure.
On March 26th, the Obama Administration announced expanded flexibility for mortgage servicers to assist more unemployed homeowners and homeowners who are underwater through the program.
The Second Lien Modification Program (2MP) offers homeowners a way to modify their second mortgage to make them more affordable when their first mortgage is modified under the Home Affordable Modification Program.
Inquire about more information and options for your specific need.