Make Homes Affordable Program: Little-Known Government Loan Programs Make Buying HUD Foreclosures Easy and Affordable
Homeowners have been struggling foreclosures ever since the recession started. Government has implemented the make homes affordable program to help struggling homeowners keep their homes. However, since HAMP was created under time pressure, there have been some flaws that caused heavy criticism from consumers, to include slow turnaround times and high rejection rate. Therefore, there have been some changes done to the program to assure a clear understanding of the process along with specific timeframes to make decisions on consumer applications under HAMP.