Wednesday, April 7, 2010
The Obama administration announced $75 billion to Federal loan modification plan to stop foreclosure by house owners. The plan is programmed to assist 3 to 4 million house owners to stop foreclosure through loan modifications.
The money is used to decrease mortgage interest rates by 3% - 4% and in few as low as 2%. To get 2% loan modification the total income of house owners is equal to 31% of the mortgage price. Loan modifications or mortgage modifications allow house owners to extensively decrease the interest rate, to go down their principal, and stop foreclosure.
For more details about real estate agents and brokers click real estate agents and brokers.
Labels: Avoid Foreclosure, Obama administration announced $75 billion to stop foreclosure, Sell your house fast, We buy houses for cash
posted by Avoid foreclosure, We buy houses, Stop foreclosure
@ 2:15 AM
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