Hollaway Estates, Upper Marlboro, MD

Home Affordability Mortgage Program (HAMP) with Navy Federal Credit Union (NFCU)

I hear that Navy Federal Credit Union (NFCU) likes to play hardball with homeowners delinquent on their mortgage.  I am working with a homeowner who has applied for a mortgage modification under the Home Affordability Mortgage Program or HAMP.  I will keep you posted as I assist this homeowner through the mortgage modification process.

For more information on President Obama's Mortgage Modification Program go to:
http://MakingHomeAffordable.gov

 

Angelo D. Rhodes, ePro Realtor
Colonial Homes Real Estate
6710 Oxon Hill Rd. Suite 100
National Harbor, MD 20745
Office:  301-749-4077

 

 

Maryland Foreclosure Mediation Program

Maryland’s new Foreclosure Mediation Law took effect July 1, 2010. The law requires mortgage lenders and servicers to be much more responsive to homeowners facing foreclosure. The goal of the law is to help homeowners get relief through a loan modification if they qualify or to find an alternative to foreclosure. The law gives homeowners a new opportunity to meet with the lender and an independent party to ensure that alternatives to foreclosure have been considered and evaluated.

Mediation is a process that can be used to resolve disagreements outside a courtroom. Both sides meet with a neutral third party who tries to help them find a resolution. “Foreclosure Mediation” under this new law is designed to help foster a dialogue between homeowners and lenders to make sure a fair assessment is made and the homeowner is offered any options they may qualify for.

Please contact me for more information at 240-535-1855 or email angelo@rhodesknows.com

Angelo D. Rhodes, ePro Realtor
Colonial Homes Real Estate
6710 Oxon Hill Rd. Suite 100
National Harbor, MD 20745
Office:  301-749-4077