A number of programs help prevent foreclosure

A number of programs help prevent foreclosure

By Daniel Gutierrez. CREATED Mar 27, 2013

Some federal programs have improved their efforts to help homeowners avoid foreclosure.

The Home Affordable Modification Program has been extended through 2013. Part of the program now offers an option for anyone who wants to modify their loan for a second home or rental property.

Another option is the Home Affordable Foreclosure Alternative, which helps with loans not backed by Fannie Mae or Freddie Mac. It provides options for transitioning to more affordable housing, or a short sale.

To get in touch with the Independent Foreclosure Review Alternative Settlement, call 888-952-9105.