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Recent Real Estate News

450,000 at risk in foreclosure-prevention program, CNNMoney, 1/23/10

By: Tami Luhby, CNNMoney, January 23, 2010


Hundreds of thousands of troubled homeowners who are making lower mortgage payments on a trial basis are at risk of being kicked out of President Obama's foreclosure-prevention program.

Companies that service the mortgages have until Jan. 31 to review all trial modifications that have been underway for several months under the Home Affordable Modification Program (HAMP), according to a Treasury Department guideline issued late last month.


Read more here: http://money.cnn.com/2010/01/23/news/economy/loan_modification_problems/index.htm

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