Real estate blog entries tagged with underwater mortgages by Donna Lavin (Hunter's Fairway

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Home : Blogs : Donna Lavin : Donna Lavin's Blog : Tag "underwater mortgages"

underwater mortgages: Feds announce more assistance for distressed homeowners - 03/29/10 04:35 PM

The Federal government announced last week that it would use funds to help those with underwater mortgages stay in their homes through a program meant to lower the outstanding balances of the mortgage loans of those who qualify to the current market value. The announcement also announced certain financial incentives to investors and mortgage firms who offer similar assistance to distressed borrowers themselves. Bank of America said it would begin offering this same assistance to certain of its borrowers.

Although certainly not related, a front page story in USA Today covered the plight of several homeowners who found themselves … (1 comments)

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Donna Lavin

Barrington, IL

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Hunter's Fairway - Sotheby's Int'l Realty

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