Kyle Ransom Introduces New Book – In “Mortgage Pandemic Survival Guide: How To Get Mortgage Relief Without Killing Your Credit Score,” Kyle Ransom offers practical advice for managing finances and mortgage payments during these uncertain times.
If you’re a homeowner with an FHA-insured mortgage and are still struggling to make your mortgage payments, now is the time to explore your options. You may be able to qualify for loan modification or refinancing, which can help lower your monthly mortgage payments and make them more affordable.
The MIHAF program is funded by the federal government and is administered by the Michigan State Housing Development Authority (MSHDA). Homeowners in Detroit who are interested in the program can apply through MSHDA’s website or by contacting a participating housing counselor.
Additionally, Fannie Mae provides other resources and tools on its Your Home website to help homeowners understand their options and make informed decisions. The website includes information on foreclosure prevention, refinancing, and resources for those who are facing financial hardship.
The report, published by the National Association of Realtors (NAR), reveals that there were 100,000 foreclosures initiated in the first three months of the year, a 10% increase from the same period in 2022. Additionally, the number of properties in the foreclosure process increased by 5%, totaling 800,000.
It is important for homeowners facing foreclosure to seek legal assistance as soon as possible. Delaying action can result in the loss of the home and damage to credit scores. Seeking legal help can potentially delay or stop the foreclosure process and provide homeowners with options to save their homes.