WHAT IS THE FIC FORECLOSURE INTERVENTION PROGRAM?
FIC primarily offers loan modification assistance to people who are experiencing financial hardship or are in foreclosure. FIC works with your lender primarily under the Federal HASP program. The HASP (Home Affordability and Stability Plan) also known as “The Making Home Affordable” plan is a far-reaching program created to assist home owners with their current mortgages. If you have suffered a financial hardship or perhaps you have fallen behind with your mortgage payments, the HASP program will help by lowering your payments until you can afford them! This program is available to help millions of homeowners. The loan modification program is available only for loans that secure your primary residence. These are the ONLY loans that will qualify for this program. There are a series of steps that will be implemented to help make “your home affordable” starting with lowering your interest rate, then subsidizing your mortgage payments, extending the term of your loan for up to 40 years and
