#housing Homeowners better contact their services. Investors are pushing a new program called ALM. Basically, if you don't reach out to them, they will modify your loan. Better to call them than not have options later down the line. Just my 2 cents, do as you please...
Servicers*
I wish I had the reach on Twitter to let more people know about this. Everyone who bought a house in this market is about to be pissed when they get a letter in the mail saying their term was stretched out to 30 years (i.e 15 & 20 year mortgagees). Please be diligent #homeowner's
Another note. If you don't take the ALM mod, you are still eligible for alternative options. Keep that in mind as well. Depends on your investor and how underwater you are in the mortgage.
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