Skip to content

FHA Gets Social About Principal Reductions

October 14, 2016
by

10-06-2016-tipper-image1If you own your home and are struggling to hold onto it, there may be good news for you; and the FHA wants to make sure you know about it. According to a DSNews article, the FHA has begun a special social media campaign to raise awareness of the current Principal Reduction Program, which qualified homeowners can apply for.

If you are seeing messages on your Twitter, or perhaps LinkedIn accounts, you are a part of the targeted homeowners who may be eligible. Why the sudden push into social media?  Because there is only a short time left for homeowners to receive notice that they may be eligible for the 2016 Principal Reduction Program.

10-06-2016-tipper-image2At-Risk homeowners with a Freddie Mac or Fannie Mae mortgage, and who meet other criteria, can apply for a home modification loan in an effort to retain their property and recover from the lingering effects of the financial crisis. The FHA estimates there are close to 33,000 borrowers who may qualify.

The October 15th deadline is for service providers to send all eligible homeowners a notice of the program. So if you have not received a letter yet and think you should be on the list, watch your mail, or better yet, contact your loan servicer to find out directly.

You can also learn about the Principal Reduction Program directly at the FHA website. When it comes to home loans, there are a variety of options available, just as there are a variety of Realtors® to choose from. When you are ready to sell your home, my team and I are ready to help you through the entire process. Our goal is to make your experience both easy and pleasurable. Contact us today at (925) 634-7820, or by email at realestate@cecily.com.

 

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: