May an applicant change from Option 1 to Option 2 or 3 after they have gone to their closing?
Yes. Applicants may elect to change from Option 1 to Option 2 or 3 after they have closed. Applicants may make this change regardless of how many Road Home closings they have completed or the number of disbursements they have received as long as the request occurs within one year of the original closing date. Applicants who make the decision to change from Option 1 to Option 2 or 3 post-closing are responsible for the cost of executing another closing. This amount is deducted from the applicant’s funding award amount. The request must be postmarked within one year of the date on their Option 1 closing documentation. Applicants who closed prior to the approval of this policy have one year from the date the policy was approved (September 7, 2007) to submit their request in writing to The Road Home program. Applicants must submit request in writing to Road Home program at the following address: The Road Home Program Post Closing Department P.O.
Related Questions
- What if the homeowner chooses Option 1, has gone to closing and received their funds and now wants to sell their home?
- May an applicant change from Option 1 to Option 2 or 3 after they have gone to their closing?
- What if the applicant has been divorced or remarried and has gone by different last names?
