Solving the Knoxville Foreclosure Crisis
One Homeowner at a Time

Rick Smenner

865-675-8326
RE/MAX Preferred Properties
[email protected]

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Knoxville Loan Mods – HAMP Helps More Than 1.8M Homeowners

knoxvilleloanmodificationA Knoxville loan modification is one way to avoid foreclosure on your Knoxville home. The Home Affordable Modification Program is one of the programs that is available to Knoxville homeowners to help modify their loans. So ,what exactly is HAMP? And, can it help you save your Knoxville home? The Home Affordable Modification Program was started back in 2009. The latest housing scorecard report shows that HAMP has helped over 1.8 million homeowners. The program has helped save homeowners on average $547 per month with an average total monthly savings of $22.9 billion per month nationally. At least, 1.2 million American homeowners have helped modify their loans permanently. In order to qualify, for a the HAMP program, a Knoxville homeowner must meet the following requirements: -The Knoxville home can either be a primary residence or investment property. -The mortgage on your Knoxville home must have been take out before January 1, 2009. -You can owe up to $729,750 on your Knoxville home or singe unit rental property. Or, you up to $934,200 on a 2-unit rental; or, $1,129,250 on a 3-unit rental; or, $1,403,400 on a 4-unit rental property. -The Knoxville home has not yet been foreclosed on. -If the Knoxville home is your primary residence, you must have experienced hardship and have either missed payments or are close to missing payments. If the property is rental property, you must have missed payments. -Your income must show that continuing making your mortgage payments is difficult. -Finally, you cannot have been convicted of a felony, larceny, theft, fraud, forgery, money laundering, tax evasion in connect to real estate within the past 10 years. If you'd like to avoid foreclosure on your Knoxville home with the help of the HAMP program, check with your mortgage lender for more information. Are you facing foreclosure on your Knoxville home? If so, please do not hesitate to give my team and I a call. We’ve helped many Knoxville homeowners avoid foreclosure on their Knoxville homes. Give us a call today at 865-696-9002 or via email at [email protected]. All of our services are done at absolutely no cost to you.

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