Risk in the Home Affordable Modification Form

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everyone's lining up for this one it's actually an expansion of the government's home affordable modification program it's an option for those who want to avoid foreclosure but some consumers say it's not right for them but this is what they need to fill out for the short sale if you know better than bill Sanchez that mortgage modifications don't always work well the past two years twenty percent of the modifications fail within the first six months I believe Sanchez the vice president of Tampa Bay Community Development Corporation a hud-approved housing counseling agency says the new program aims to relieve homeowners who cannot keep up even with a modified payment is an exit strategy the home affordable foreclosure alternative our half a program is not for everyone this is Australia well you will lose the home but you will not have the foreclosure on your on your credit score and there's a cash incentive every homeowner who agrees to a bank approved short sale will receive three thou