Bill to Help Families Save Their Homes

Posted on December 30, 2010

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The objectives of the Obama administration’s view on foreclosure are to motivate more approvals for loan modifications, financing and home loans. The administration wants to encourage lenders to approve loans that do not exceed a third of the borrower’s paycheck.
 
Although results have not been dramatically encouraging for borrowers, it has been somewhat helpful.
 
To learn more about the bill to help families save their homes, go to this link on the HUD website:
 
 
http://www.govtrack.us/congress/bill.xpd?bill=h111-1106

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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