Our Programs

HOPC‘s programs offer distinct advantages versus hedge fund and other Wall Street institutional purchases. They will keep more homeowners in place, reduce foreclosures, stabilize neighborhoods and residential real estate markets.

 

Programs

 

Loan Modification:  HOPC will modify loans for all approved homeowners. Homeowners will receive principal reduction that is forgiven and HOPC will use its estimated current market value for the new modified loan.

Shared Appreciation Contract:  When homeowners fall short of qualification for the modification, a Shared Appreciation Contract [SAC] will be offered to further reduce the loan’s interest bearing principal balance. This will result in a lower monthly payment, which will enable more homeowners to qualify for modification.

Affordable Housing:  HOPC will offer properties to non-profit groups to purchase at a discount from the current value for Affordable Housing.

Shared Equity Sales:  If the homeowner or the property does not meet nonprofit guidelines for affordable housing, then HOPC will offer the current homeowner a short sales agreement with shared equity participation.

Foreclosure:  If the current homeowner does not qualify for a loan modification or does not meet the guidelines for affordable housing and chooses not to participate in the sale of the property, then HOPC will follow California Homeowner Bill of Rights process and any other State laws and foreclose on the property.