Homeowners Emergency Loan Program

Posted on December 21, 2010

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There is a new plan to help homeowners, the Homeowners Emergency Loan Program. Under this plan, loan pools are bought by the Department of Treasury and sold back into the private sector after the loans are discounted and modified with lower interest rates.
 
Discounting the purchase of loan pools will balance assisting borrowers and ensuring predatory loan makers aren’t compensated. This new plan will make things fair for everyone.
 
For more information on this new plan
 
For foreclosure, real estate and elder law legal help, call Christine Axsmith at Axsmith Law.  The Federal Trade Commission has great information on helping prevent foreclosure in Washington DC.

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