Lenders May Take a While to Get Assistance Programs Up and Running
CNNMoney.com ran a story last week describing how lenders are still not quite ready to implement the Obama administration’s new housing bailout plan. Here is the full story.
http://money.cnn.com/2009/03/19/news/economy/Obama_foreclosure_plan/index.htm?postversion=2009031915
Also, the administration launched a new website so consumers can start to gather information about the programs as well as determine whether a person meets the basic eligibility criteria for the new loan modification programs. Another feature of the site is that a homeowner can find out whether their loan is owned my Fannie Mae or Freddie Mac - a key to determining eligibility. Here is that site.
http://www.makinghomeaffordable.gov/
Call me with any questions.
Kevin P. Cummins
Realtor / Broker / Attorney
Coldwell Banker – Carmel Valley
Cell: 858-750-9577
Search the MLS on my new website at kevincumminshomes.com.
