Company Blog

Loan Moification Now Available for Rental Properties

By Rusty Payton | Published on January 29,2012 at 11:51AM
Blog Image
Chicago Apartments Loan Modification 

A large segment of the housing market has long been neglected by the government in its support of loan modification. To date, investors and those owning rental properties have been shut out of all loan modification programs. No longer. On Friday, the Obama administration announced a major expansion of its mortgage modification program as it seeks to prevent more foreclosures and further deterioration of the housing market. Now, investors can seek modification under the Home Affordable Modification Program ("HAMP") regardless of whether the property is occupied by a tenant or is vacant. Approximately 700,000 properties nationwide are estimated to now be eligible for the HAMP program.


Tags: Chicago Apartments, Loan Modification, Investment Property, Foreclosure

User Comments

There are no user comments at this time.

Related Posts

Useful App From Allstate Insurance Chicago Street Festival Guide 2012 Andersonville Wine Walk Announced Looking for a Farmers Market? Look No Further. Chicago Property Taxes Too High? Appeal. What Does #1 Mean? Franchise Real Estate Companies Battle it Out. Mobile Phones and the Do Not Call List - Get the Facts Time to Get Social: Learn the Ropes With iMove Andersonville is teaming with great art....Check out Chuck Meyers Welcome Agents (New and Old) to the iMove Chicago Team Got a Taste for a Good Chicago Dog? Tried Huey's in Andersonville??? Buying A New Home? Certified Funds No Longer Accepted To Close. Rental Market Appears To Be Getting Tight, Very Tight And Rents Are Rising Zebras in Andersonville??? Paying Rent On Time Could Now Impact Credit Score Does the New Chicago City Sticker Flash Gang Signs? Prevent Bed Bugs in Your Chicago Apartments. Learn How CTA and i-Go Have A Deal for You City to Post Building Safety Data Online Starting Today Who Says Its A Down Market. $13 Million Sale In Andersonville Bongo Room Still Coming to Andersonville? New Chipotle Coming to Andersonville Hi-Rise Fire in Edgewater Dish Clutter May End in Chicago Is Your Check in the Mail? A New Year Means Its Time To Change That Lease Form in Chicago