Posts Tagged ‘Federal homeowner programs’
New Program To Reward Underwater Homeowners
A new program is being unveiled today called Handshakes for Homeowners, which aims to recognize underwater homeowners (they owe more than their house is worth) who continue to pay their mortgages on time. With the goal of helping 200,000 homeowners in the next 12-18 months, this program is a creative albeit slightly strange way to…
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Deed For Lease Program To Help Struggling Homeowners
The newest program in the Federal arsenal to help homeowners who are facing foreclosure is called the Deed for Lease program. Created by Fannie Mae, this program will allow homeowners to essentially become tenants in their homes for 12 month periods (including the possibility of renewal at the end of the lease). In exchange for…
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