Making Home Affordable program
Home prices are falling for many reasons. One reason, is the increasing number of Bank owned real estate (REO properties) on the market for sale at low prices and getting reduced even lower. In an attempt to slow down the number of new foreclosed properties coming into the market for sale, the Federal Government has a new program as part of the ‘Financial Stability Plan’. 7 to 9 million homeowners may benefit from the Making Home Affordable program.
Click here for the ‘Government website’
Click here for the ‘Government Announcement’
Click here for the ‘Guidelines’
FSBO.com wants to know if you or someone you know will take advantage of this program and if you think this will help the current real estate environment?
March 5th, 2009 at 11:21 am
According to a Mortgage Bankers Association survey shows a record 5.4 million American homeowners with a mortgage, or nearly 12 percent, were either behind on their payments or in foreclosure at the end of last year.
March 21st, 2009 at 2:48 am
If you;re looking for more information on the making homes affordable plan I’ve found http://www.making-homes-affordable.com to be the only site I’ve found to have it all in one site.
March 26th, 2009 at 5:55 am
The mortgage problem in the US is really scary, so I hope the Making Home Affordable program will be successful. I’m not 100% convinced yet, but I’m hoping for the best for all those people who have the foreclosure cloud looming above their heads.
June 6th, 2009 at 10:38 am
There is obviously a lot to know about foreclosure. I think you made some good points in Features also.