In a Treasury report released on Tuesday, the initial estimate of homeowners getting relief under the Obama administration’s Loan Modification Program has been slashed down by more than half. The initial estimate of helping 4 million homeowners is now expected to go down to 1.5 to 2 million homeowners likely to receive aid under the program. [Read more…]
Mortgage Foreclosure Loan Modification
Troubled homeowners start thinking about stop foreclosure and loan modification when they are at the last stage where they have no more funds to repay the loan to the bank. Although the problem was quite expected, yet homeowners tend to ignore it at the earliest stage, instead of taking precautions and end up in an embarrassing situation. [Read more…]
