Yesterday the Obama Administration released the names of 6 mortgage companies participating in its Making Home Affordable. Today it was announced that the number of American households threatened with losing their homes grew 24%. While the Administration’s plan provides incentives to those involved in a refinance, modification, short sale or deed in lieu, it has to be clear to the American public that the plan is worth little absent a real motivating factor.
Posts on ‘April 16th, 2009’
Faces of those facing foreclosure
The elderly, the unsophisticated, and non English speakers are a significant part of my clients who need access to mortgage modification in bankruptcy. The Wall Street Journal reported on a number of victims of unscrupulous mortgage brokers, sold loans by means of false representations. The facts all rang true to me.
My two lawyer firm has [...]