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What happens at the end of the forbearance period if I have not found a new job and can’t get a HAMP modification?

April 26, 2017forbearance hamp happens Job modification period

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What happens at the end of the forbearance period if I have not found a new job and can’t get a HAMP modification?

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After the forbearance period, if the borrower cannot qualify for a HAMP modification their lender will be required to consider them for an alternative to foreclosure, such as a short sale or deed-in-lieu of foreclosure as part of the Home Affordable Foreclosure Alternatives Program (HAFA).