Tuesday, May 26, 2009

Foreclosure Assistance

The article posted below is from May 14.

It spells out additional programs developed by the Obama administration to help people with homes that are underwater.

I suspect many people are not even aware of these programs.

McClatchy: Treasury rolls out relief for more homeowners facing foreclosure
Thursday's announcements address situations where borrowers can't qualify for either of those programs and are at risk of losing their homes. The administration will now provide additional financial incentives to lenders willing to help homeowners unload their properties at a loss when they owe much more than the present-day value of their homes.

No comments: