Monthly Archives: January 2017

Foreclosures were at a 10 year low in 2016, and we at Homeowner Protection Alliance are proud to have been a part of that trend

Foreclosure filings nationwide in 2016 were at their lowest level in ten years according to the research bureau ATTOM Data Solutions Year-End 2016 U.S. Foreclosure Market Report. The report shows 933,045 default notices, scheduled auctions, and bank repossessions for 2016, which is a 14% drop from 2015 and the lowest number of foreclosure filings since 2006, which had 717,522 foreclosure filings. If you remember, 2006 was 2 years before the collapse of the real estate economy, and the start of the recession.foreclosure_annual_2016 This is definitely a great trend. Our entire team at Homeowner Protection Alliance is proud to state that we assisted in the protection of over 600 homes in 2016. Unfortunately with all the bad press and false news propaganda being spread by mortgage companies who fear organizations like us, many more homes could have been saved, but those homeowners decided to wait...
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Homeowner Protection Alliance’s plan for Life After HAMP

HAMP (the Home Affordable Modification Program), the government's loan modification program, formally expired December 30, 2016. If you contacted our office before the end of the year and coordinated your case submission with Homeowner Protection Alliance your application was accepted before then. If you did not contact our team at Homeowner Protection Alliance, than HAMP is no longer an option for you. Do not panic, you can still avoid foreclosure by applying, qualifying and being approved for an in-house loan modification. In-house modifications are also called traditional or proprietary modifications. They have existed before HAMP was created and are given according to each lender's standards. In fact Homeowner Protection Alliance has been helping homeowners qualify for traditional modifications before HAMP or the MHA (Making Homes Affordable Program) were introduced by the Obama Administration. In fact, the In-house modifications can provide benefits that HAMP did not since a lender or investor does...
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