As of March, an estimated 1.1 million struggling homeowners have received a permanent modification through HAMP. The move aligns with the Federal Housing Finance Agency’s (FHFA) extension for the Home Affordable Refinance Program (HARP), which was first announced in April. When a mortgage becomes unaffordable, avoiding foreclosure becomes a primary goal. For thousands of Las Vegas homeowners unable to make their mortgage payments today, there is a dignified alternative to foreclosure that can lead to a more positive financial outcome. In this report, you’ll see how the consequences of foreclosure compare to those of a short sale....
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