Thursday, March 05, 2009
Making Home Affordable
On March 4, 2009, The Obama Administration announced new U.S. Department of the Treasury guidelines to enable servicers to begin modifications of eligible mortgages under the Administration's Homeowner Affordability and Stability Plan – announced by President Barack Obama on February 28, 2009. The National Association of Realtors has a detailed breakdown of The Plan.
Update:The government has just launched a website that walks homeowners through the process of qualifying.