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Mortgage foreclosures heading through the roof

Mortgage foreclosures heading through the roof (News (General))

by administrator @, Friday, June 19, 2009, 14:56

The Obama administration's $75 billion program to reduce foreclosures has been beset by backlogs and delays, leading many overstretched homeowners to complain about unreturned phone calls and inaccurate information from lenders, while others say they were denied help for reasons that weren't clear.

Details of the plan were unveiled in early March. The goal is to prevent up to 4 million foreclosures by having banks modify loans into more affordable monthly payments.

Click on the following link to read moreā€¦

http://www.usatoday.com/money/economy/housing/2009-06-18-obama-plan-mortgages...


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