As the government settlements pressure the largest servicers to help more homeowners, we continue to learn about more programs that may help you keep your home, or to avoid foreclosure.
Here are some resources and websites for you including government organizations and the websites of the major servicers for help and options:
Making Home Affordable – know your options
Hope Now – free help for homeowners
BANK OF AMERICA
Bank of America Homeowner Counseling Resources – non-profit and HUD counselors
CHASE (and EMC)
Chase short sale center – do you qualify?
Chase short sale information packet – what documentation do you need?
I’ve worked with all of the above servicers MANY times. Most short sales are successful. If you want to save your home, exhaust all your efforts first. Call your bank. OPEN YOUR MAIL. Some of these servicers are offering help to targeted “at risk” homeowners and as an example, Bank of America has started sending letters to some homeowners starting this week. Read Bank of America’s press release today 5/8/12 to read more about their new modification and principle reduction program. Other banks/servicers are announcing new ways they’re reaching out to homeowners too.