Posts Tagged ‘Making Home Affordable’

Modifying a Second Mortgage Under Making Home Affordable (2009-5-21)

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The Making Home Affordable program announced by President Obama now includes provisions for modifying second mortgages.
The key provision for second mortgages is that they must match any loan modification made to the first mortgage. For example, if the first mortgage was modified to a 40 year loan then the second mortgage would [...]

Do Not Pay – Walk Away May Be Bad Advice (2009-5-9)

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In a presumed effort to protect homeowners against foreclosure rescue schemes, the administration has warned:
There is never a fee to get assistance or information about Making Home Affordable from your lender or a HUD-approved housing counselor.
Beware of any person or organization that asks you to pay a fee in exchange for housing counseling services or [...]