Don't Worry No One Can Qualify

By
Real Estate Sales Representative with David Weekley Homes BRE #01046118

Just got a message from my State Senator touting the latest US Treasury backed California relief from foreclosure program that will be funded by the US Treasury for those who are unemployeed to "SAVE" their home from foreclosure....well maybe not.

To qualify for Keep Your Home's Unemployment Mortgage Assistance program, homeowners must be eligible for unemployment benefits, meet income guidelines, live in their home, and be fewer than 90 days behind on their mortgage payments.  For borrowers who have refinanced their loans, only those who did so to change the interest rate or the length of their loan are eligible; the assistance is not available to borrowers who refinanced in order to pull cash out of their property.

At first I was concerned but then I actually read the requiremetns in the guidelines.  If you are on unemployment I guarantee you will not "meet the income guidelines".  This is just another smoke and mirrors attempt to make us think they care.

I think I am gonna nick name this one HUMA and it will go down in flames as sure as HOPE, HARP, HAMP, and HAFA before it did with a failure rate of over 75% to date.

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C.J. Johnson, New Home Consultant

Email: cj@800cjsells.com

Toll Free: 1 (800) CJSELLS

Phone: (210) 844-2121

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Tags:
california foreclosures
unemployment foreclosure relief
hamp
hafa

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Rainmaker
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Jack Mossman - The Nines Team in Stockton
The Nines Team at Keller Williams
The Nines Team At Keller Williams

CJ - have you noticed all the acronyms are four-letters?  Simplified Homeownership Insanity Taskforce - that sounds like another good one!  Thanks for sharing - and BTW was that supposed to make us more confident in voting for her in November?

September 01, 2010 05:52 PM
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Lenn Harley
Real Estate Broker - Virginia & Maryland
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate

GEEZ!  Another one.  I believe that my brain is going to explode.

September 01, 2010 05:54 PM
Rainmaker
55,628
CJ Johnson
Sales Consultant - Build On Your Lot @ DWH
David Weekley Homes

Jack:  Yes and note they all start with H so I say what the H is the government gonna think of next.

Lenn:  I think we all should by stock in Asprin manufacturers.

September 01, 2010 06:08 PM
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Rainmaker
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CJ Johnson

Sales Consultant - Build On Your Lot @ DWH
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