The government has still not yet decided to extend the First Time Home-buyer Credit. What are they waiting for? If they knew how bad it really was out there they'd act on extending the tax credit. Our mortgage modification experience tells us that many lenders and mortgage servicing companies are not playing fair with regard to the Federal Making Home Affordable Program. Many lenders and mortgage servicing companies are making it very hard for the consumers to get approved for these federal programs and it is going to be a matter of time before the housing inventory increases.
If you have an opportunity to write or to call your legislator please do so immediately. Time is of the essence!
Until next time.