


Loan Modification in the news?
In an effort to rescue the housing market and to help distressed homeowners, President Obama on March 4, 2009 announced a loan modification plan. The President has dedicated $75 billion for this plan. This plan will help approximately 4 million struggling homeowners avoid foreclosure.
7 points on Obama's Loan Modification Plan:
1. Focus on making distressed homeowners mortgage payments affordable without changing the value of the home.
2. Government assistance to further reduces the monthly payments.
3. Cash incentive for servicer to assist homeowners.
4. Targeting homeowners with serious financial hardships.
5. Clever present value testing to encourage board participation.
6. Incentives to extinguish home equity lines of credit.
7. Plan that reduces foreclosures for primary residences.
For more details Visit : UsNews
7 points on Obama's Loan Modification Plan:
1. Focus on making distressed homeowners mortgage payments affordable without changing the value of the home.
2. Government assistance to further reduces the monthly payments.
3. Cash incentive for servicer to assist homeowners.
4. Targeting homeowners with serious financial hardships.
5. Clever present value testing to encourage board participation.
6. Incentives to extinguish home equity lines of credit.
7. Plan that reduces foreclosures for primary residences.
For more details Visit : UsNews
Your loan modification specialists were
knowledgeable and helpful.
Our mortgage payment is affordable
again. Thanks…
Bob and Marisa Love
Disclaimer: StopMyMortgageForeclosure.com is not a governmental agency or a loan modification company. This website provides homeowners the ability to connect with loan modification companies to assist in modifying their home loans by filling and submitting the form on this page. This service is free. Loan modification agents may ask for additional information so they can further assist you with your request. Privacy Policy