Arizona Department of Housing Hires Loan Value Group to Help Facilitate HARP Applications for Eligible Arizona Homeowners

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Will launch a campaign to assist homeowners who may benefit from State’s Hardest Hit Fund Program

Loan Value Group

Loan Value Group

We understand that the process of applying for, and ultimately completing, a HARP can sometimes be complicated and time consuming. We are pleased to be working with the Arizona Department of Housing’s ongoing Save Our Home AZ Program...

Loan Value Group, LLC (LVG) today announced that it has been hired by the Arizona Department of Housing (ADOH) to help promote and facilitate the application and approval process for a portion of Arizona homeowners who may be eligible to receive benefits under the terms of the Home Affordable Refinance Program (HARP) 2.0 Principal Reduction Assistance Component of the Save Our Home AZ Program.

The Save Our Home AZ (SOHAZ) Program was established by the Arizona Department of Housing in 2010 to offer assistance to homeowners who may face foreclosure. SOHAZ provides assistance in the form of mortgage modifications, principal reduction, mortgage payment relief, short sale assistance and second lien elimination.

Under the terms of the agreement, which is designed to maximize the number of completed applications for HARP 2.0 assistance at no cost to the consumer, LVG will undertake a statewide education and outreach campaign with designated Arizona homeowners who may qualify for the HARP 2.0 Assistance Program. Additionally, LVG will act as a facilitator for homeowners whose applications are approved by ADOH by working with participating lenders. LVG Managing Partner Frank Pallotta said, “We understand that the process of applying for, and ultimately completing, a HARP can sometimes be complicated and time consuming. We are pleased to be working with the Arizona Department of Housing’s ongoing Save Our Home AZ Program, with the ultimate goal of helping Arizona homeowners receive much needed assistance in these difficult economic times.”

About Loan Value Group
Founded in 2008, Loan Value Group, LLC is a large scale, turn-key provider of private label, residential mortgage incentive strategies that have a positive and lasting impact of consumer payment behavior. LVG’s incentive programs and operation platform are designed to help realign the long-term interests of homeowners, residential mortgage risk owners, State and Local Municipalities and mortgage servicers to the benefit of all. Based in Rumson, New Jersey, LVG is the creator and exclusive provider of the Responsible Homeowner Reward® program, named one of the "50 Best Inventions" by TIME Magazine.

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Media Contact:
Rosalia Scampoli
Marketcom PR
(212) 537-5177, Ext 7
rscampoli(at)marketcompr(dot)com

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