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Options Solutions


  • The Home Affordable Modification Program (HAMP) includes the Unemployment Program, Principal Reduction Alternative and theHome Affordable Foreclosure Alternatives Program
  • Second Lien Modification Program (2MP)
  • Home Affordable Modification Program for Federal Housing Administration Loans (FHA-HAMP)
  • Second Lien Modification Program for Federal Housing Administration Loans (FHA-2LP)
Foreclosure Options

Thankfully there are options available to you if you are looking to stay in your home.  There are many Options That people are not aware about and It is a very complex Process . At National Home  Preservation Center WE have the Knowledge, the Expereince, the Network, and all the resources to help you get Current with your Mortgage.

Gov't Programs

Loan Modification /

Making Home Affordable  (HAMP ) 


The most popular program, a Loan Modification is a change to an existing loan to a more affordable level by a lender in response to a borrower's long-term inability to repay it. Loan modifications typically involve a reduction in the principal balance, interest rate or an extension of the length of the term of the loan, or a combination of the three. You may qualify if you have recovered from a hardship and can afford the new payment amount. Most lenders can work with home owners, even if they have poor credit and have a foreclosure date since they do not want your home.There are also different Programs you may qualify for that you may not know about that may help you get back on track with your Mortgage.


Forbearance Agreement


Depending on your situation, your bank may offer you a solution to repay your missed payments and avoid foreclosure with a Mortgage Forbearance Agreement. This agreement is made between a mortgage lender and delinquent borrower in which the lender agrees not to exercise its legal right to foreclose on a mortgage and the borrower agrees to a mortgage plan that will, over a certain time period, bring the borrower current on their payments. A Mortgage Forbearance Agreement is a temporary solution for delinquent borrowers designed for borrowers who have short-term financial problems caused by an unforeseen hardship such as health problems or unemployment. Usually Mortgage Forbearance Agreements allow a minimum of 4 months to postpone monthly mortgage payments, all the way up to 12 monthly payments.


Principal Reduction


A Principal Reduction is a process whereby your loan modification Underwriter assists in negotiating down the total amount of the principal that you owe on the loan to reflect current value of the property. Usually the interest rate is reduced to current market rates and your monthly mortgage payment is lower. 


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