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Has anyone here heard of the HopeNow initiative to help people with the foreclosure crisis? There's an ongoing forum here hopenow.us

larry · Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)

Hi Amazingkip,

Welcome to the forum.

I have not head much about the HopeNow. Can give more info about the HopeNow so that the community can know what kind of company they are and what kind of service they provide

Thanks,
Larry

jameshogg · Posted: Fri Feb 15, 2008 2:22 am Post subject: RE: Hope Now Initiative

Yes, the Hope Now Initiative is a program initiated by the Treasury department at HUD and 11 other companies which hold 60% of the ARMs which are expected to reset in 2-4 years or so. This program was meant to help borrowers struggling with their ARMs, so that they can avoid being in foreclosures.

In fact, the primary motive behind this program was to minimize foreclosure rates cross the nation. So far 8% of subprime borrowers have been helped by the end of 2007.

On account of this initiative many borrowers have been able to get back on track after missing a payment or so. They have negotiated for loan modification or alternative repayment plan to protect their homes from being foreclosed.

However, the sad news is even after such initiatives not many are able to keep up with the payments with loan work out options.

Thanks

blue · Posted: Sat Feb 16, 2008 4:40 pm Post subject:

Hi,

Welcome to Mortgagefit discussion board.

This program is targeted to help thousands of investors and homeowners so that they can retain their home and avoid foreclosure. This program helps people to get fast and efficient loan modification through counseling.

The website of hope now also offers so many resources for the homeowners so that they can easily find credit counselors who can assist them to get loan modification.

Do let me know if you have any other questions.

Thanks
Blue

jbarto65 · Joined: 04 Nov 2007 Posts: 622 -0.15 Dollars($)

Never heard of them, hope you are doing some good research before you invest your money or your valuable time.

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its a free service

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