The Obama administration is “basking in the glow” of some impressive numbers of loan modifications during the June-September timeframe. The “trial modification initiative kick-started the fledgling Making Homes Affordable Program and its modification section called Home Affordable Modification Program.

The numbers out today claim the Program has now reached one in five eligible homeowners, but most [...]

Many of our clients are bankrupt…they just don’t admit it to themselves and they have not yet filed – and, maybe never will. It’s too bad, because they could be enjoying the protections our legal system affords them…protection and relief for when financial things have gone awry

As part of a foreclosure workout strategy you [...]

 
WASHINGTON — Thousands of borrowers on the verge of foreclosure will soon have the option of renting their homes from Fannie Mae, under a policy announced Thursday.

The government-controlled company, through its new “Deed for Lease” program, will allow borrowers to transfer ownership to Fannie Mae and sign a one-year lease, with month-to-month extensions after that.

The [...]