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WE will discuss the Obama Administration’s Program to make home affordable through Loan Modification. Question: What is the government’s loan modification program? Answer: It is a government assistance to loan servicers (banks) and investors to help offset the cost of modifying homeowner’s mortga...
06/19/2009
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Lenders in California now have to provide a 90-day moratorium on foreclosure proceedings where no effort was made to work with the borrower to modify the terms of a home loan under a new state law rolled out Monday. But don’t expect automatic or immediate relief under the law, which was authored ...
06/19/2009