Obama Loan Modification Plan

You have probably heard about the recent additional spending plan from Washington of approximately 275 Billion Dollars directed toward assisting Home owners to stay in their homes.  In an attempt to understand and find clarity in all of this fog we have summarized the highlights as follows: There has been 275 Billion dollars set aside [...]

Relief for Responsible Homeowners

On March 4th, The Obama Administration announced new U.S. Department of the Treasury guidelines to enable servicers to begin modifications of eligible mortgages under the Administration’s Homeowner Affordability and Stability Plan – announced by President Barack Obama just two weeks ago. The release of detailed requirements for the “Making Home Affordable” program facilitates implementation of [...]