Earlier this month, President Obama rolled out his mortgage relief plan to help millions of families facing foreclosure to stay in their homes. Today the Treasury Department has launched a new website to help home owners better navigate the information in the Making Home Affordable plan.
This new site includes the same information featured at financialstability.gov, but in a much more user-friendly design and some cool new tools like a quiz to see if you’re eligible for mortgage modification and a calculator that allows home owners to estimate the reduction to their monthly mortgage payment that they might get under the plan.
The page is intended to provide the same information available by calling the Home owner’s HOPE Hotline (888-995-HOPE), which has been overwhelmed with calls – more than 124,000 homeowners have called since the announcement on March 4th! Of course the hotline is still available, but MakingHomeAffordable.gov is a great first resource for home owners.
Are you being helped by the Making Home Affordable plan? Share your story in the comments!
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April 5th, 2009 at 1:22 pm
I would have to say not to call HOPE. I actually work there. From the day I started I felt so guilty because there is no help. I feel HOPE was set in place for people to leave the banks alone. We are like an escape goat for the banks. I feel sorry for some people because they are loosing their homes through no fault of their own. Others I just want to tell them to get a life. Several times I have tried to schedule people for an appointment and they tell me they can not have that date because they are going on vacation. Now realize that they have not paid their mortgage and are going on vacation with the money.
But either way they is no help for anyone. None of the banks are doing the Bush or Obama plan that was set in place. Remember that it is not mandatory for the banks to participate. It is voluntary and none will acknoledge the plan. When mentioned to the bank they all say they will have the information in about two weeks. They have been saying two weeks since last year.
I hate my job because I have to give people false hope. I feel very low. But it is about the only job available in town right now and I also have a mortgage to pay.
Buy the way, why would you trust someone that is funded by the people your are fighting. HOPE is funded by the mortgage companies.