We hear all the talk about what government is doing to help the
housing market and assist homeowners from facing foreclosure but we
really haven't seen much of an impact out in the real world. I
keep hearing about all these great programs but how do you take
advantage of them and who do you talk to and get answers?
The Obama administration just implemented the Making Home
Affordable program offering options for homeowners that have Fannie
Mae or Freddie Mac owned loans that are having trouble making their
mortgage payments. This program is designed to help you qualify for
a mortgage refinance or loan modification to reduce your mortgage
payments to avoid foreclosure. This is a brand new program and so
far it is making great strides helping over 120,000 home owners so
far.
The Making Home Affordable is geared towards people that are still
current on their payments and are credit worthy but have gone
through a hardship or loss of income and struggling to make ends
meet.
In the past it seemed that the banks would only talk to you in you
were behind on your payments. In essence, it hurt the responsible
people that were doing what they could to make their mortgage
payment but the system seemed to benefit the people that simply
gave up and stopped making payments. It almost seemed that you had
to stop making payments to get the banks attention.
Click
here to see if you are eligible? I will have more
information to follow. Check back for more updates on the Making
Home Affordable program.
It's a good life,
Ian Anderson
