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I recently wrote a three-part series on delaying or avoiding foreclosure in North Georgia (which posts likely apply anywhere in the country, not just Georgia). The third part dealt with various government-backed initiatives and programs, which provide everything from counseling to possible principal "deferral" or even principal reduction.The variety of programs, and the often very detailed criteria of each, make any kind of brief "synopsis" very difficult, particularly since they have a tendency to change very quickly, but the good news is that at least there are options of some sort for distressed homeowners . . .Sort of.The criteria for many relief programs eliminate a … (4 comments)
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