The Homeowner Affordability and Stability Plan (HASP) was announced by the Obama administration on February 18, 2009. The plan is designed to help up to 7 to 9 million homeowners who are struggling to make their mortgage payments, but who may not qualify for traditional refinancing because their home values have declined.
Under HASP, eligible homeowners will be able to refinance their mortgages to more affordable loan terms. The program will also provide incentives to lenders to modify the terms of loans for at-risk homeowners so that payments are more affordable.
HASP is part of the broader economic recovery plan that the administration has proposed, and is intended to help stabilize the housing market and prevent foreclosures. What term is used to describe the housing inventory in default or foreclosure? The term used to describe the housing inventory in default or foreclosure is "distressed properties."
How do I install a HASP key? To install a HASP key, first locate the keyhole on the back or side of the device that you wish to protect with the key. Next, insert the key into the keyhole and turn it clockwise until you hear a click. This indicates that the key is now locked in place. To remove the key, simply turn it counterclockwise and it will pop out.
Is the Mortgage Forgiveness Debt Relief Act of 2007 still in effect? The Mortgage Forgiveness Debt Relief Act of 2007 was enacted to help homeowners who were struggling to keep up with their mortgage payments. The act allowed for the forgiveness of some of the debt incurred from the mortgage, making it easier for the homeowner to stay in their home. The act was set to expire at the end of 2012, but was extended through 2013. As of right now, it is unclear if the act will be extended again or if it will expire at the end of 2013.
Does OSHA require a hasp?
The Occupational Safety and Health Administration (OSHA) does not require the use of a hasp in the home. However, if you are using a hasp to secure a door or window in your home, it is important to ensure that the hasp is properly installed and secured.
Which type of real estate investment trust involves both residential and commercial properties? A hybrid real estate investment trust (REIT) is a type of REIT that invests in both residential and commercial properties. A hybrid REIT can provide investors with exposure to both types of properties, and can offer potential benefits such as diversification and a potential for higher returns.