- Single-household members belongings
- Duplexes
- Condos
- One-to-four-product dwellings
- Are made residential property
Based the master of the mortgage, the fresh new foreclosure techniques will be paused when you are about HAF application techniques, and if you are accepted, the cash enables you to bring your home loan latest and you can stop property foreclosure completely. Particularly, if Fannie mae
backs your financial, the servicer is expected to pause property foreclosure issues for upwards to 60 days once your HAF program possess notified all of them out of the application.
Almost every other authorities businesses, particularly FHA, Va, and you can USDA, firmly prompt servicers so you’re able to stop the new foreclosures process once they has actually come informed one to a borrower has actually removed HAF otherwise been acknowledged to own guidance but don’t require it.