Getting back on your feet faster…

Springboard helps formerly distressed borrowers get back on track

Firm qualifies as HUD-approved housing counselor for innovative program

Kerri Ann Panchuk |Housing Wire | November 19, 2013 2:30PM | link

Borrowers who suffered significant financial hardships in recent years are not completely ‘out’ when it comes to trying to buy homes again, says Heather Shanahan, a representative with housing counseling agency Springboard.

In fact, she says her company is playing a key role in helping qualified borrowers move through the Federal Housing Administration’s Back-to-Work program, which shortens the waiting period for once-distressed or first-time homebuyers who want to get back into properties.

All future homeowners have to show is that they’ve recovered from a financial hardship and received counseling from a HUD-approved agency. If they meet these qualifications, the borrowers can buy properties once again in as little as a year.

Luckily for Springboard, which is fully known as Springboard Nonprofit Consumer Credit Management, the agency is a HUD-approved counselor, which allows it to participate in these initiatives.

Read more…

Author: kimhuntkw

We specialize in Real Estate in the Pleasanton, Dublin and Livermore areas of the East Bay in California

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