Bouncing Back from the Mortgage CrisisI originally became a homeowner in 1990. In 2007, I used the equity in my first home to finance the purchase of an upgraded home at the cost of $370,000. I had a 5-year ARM, but my home was underwater by $135,000 by the time loan was ready to adjust. My lender "tried" to identify an appropriate loan product for me. However, I got the sense that once my house was appraised to be in stellar condition, there was less enthusiasm for assisting me. I was encouraged to "short sale" my home as there were no loan programs to support me. My lender agreed to sell the home for $250K to my brother and I have rented from him since July 2012. I am eager to purchase my home back as soon as possible. However, I have many questions. Are there HARP programs for former homeowners who lost their homes in the mortgage crisis? Will I be treated like a first-time buyer given the fact that I have NO equity to roll into a home purchase AND have not enjoyed home ownership for the last 2 years? What available loan products and down payment assistance is there for people like me? I am almost 50 years old and fear that this situation has tarnished my family legacy. I would like to start educating myself in preparation for restoration. Any guidance that you can offer would be greatly appreciated!October 03 2013 - New Castle0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.