Can You Modify Loan On A Mobile Home Under HAMP?
by Bill
Does a mobile home qualify for the Obama loan modification program? Mortgage Loan Modification Answer:by Loan Modification Expert - Dan NorthIf a manufactured home is secured by real estate then it is eligible for the Making Home Affordable Modification Program (HAMP, also known as the Obama Program). If the mobile home is on a rented lot then it would not qualify for HAMP. Property Types Eligible For Making Home Affordable Programs Include:
The Minimum Eligibility Criteria For The Making Home Affordable Programs Are:
So to answer your specific question: mobile home mortgages can be modified by the Obama Plan if they are secured by real estate and you meet the other requirements of the Making Home Affordable criteria. See Previously Asked Loan Modification Questions And Their Answers:Can Chase Still Foreclose While In A Trial Modification? Where To Go From Here With PNC / National City I Requested Loan Modification But Chase Increased My Monthly Payment Starting A Trial Loan Modification With Chase Bank On An Upside Down Mortgage When Should I Stop Trying To Modify My Loan With Wells Fargo? Chase Home Finance Trial Loan Modification Never Ends - Will They Ever Approve a Permanent Loan Modification? Confused By Chase Bank 1st and 2nd Loan Modification Can I Rent My Home Out After A Making Home Affordable Loan Modification How Can We Find Out If We Are Eligible To Lower Our Monthly Mortgage Payment Is This A Government Loan Modification Or An Alternative Loan Modification From Our Lender? Can I Lower My Modified Loan Payment By Getting Cheaper Insurance And Lowering My Property Tax Payments and Grace Periods After Loan Modification Home Loan Modification - Tax Return Question Extending The Length Of My Home Mortgage Loan Simple Mortgage Modification Arithmetic Upside Down Mortgage Need Help Loan Modification Home | Mortgage Modifications | Loan Modification calculator
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